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1551 Grant 1551 Grant St 35 Unit Apartment Building $28,900,000 CAD ($825,714 CAD/Unit) Vancouver, BC V5L 2Y3
Investment Highlights
- Prime Location: Just steps from Vancouver’s vibrant Commercial Drive
- Suite Mix: A variety of 1-, 2-, and 3-bedroom units
- Turnkey Investment: Ideal for investors seeking a stable, income-generating asset in a high-demand rental market
- Brand New Construction: Modern 35-unit purpose-built rental apartment building
- Tenant-Friendly Amenities: Includes rooftop terrace, lounge, and bike storage
- Strong Rental Appeal: Walkable, transit-connected, and located in one of Vancouver’s most desirable communities
Executive Summary
A rare and exciting opportunity to acquire a brand new 35-unit rental apartment building, located just steps from Vancouver’s renowned Commercial Drive. The building offers a suite mix range of one-, two-, and three-bedroom units. Amenities such as a rooftop terrace and lounge, and bike storage make this an ideal building for tenants to call home!
Property Facts
| Price | $28,900,000 CAD | Building Class | B |
| Price Per Unit | $825,714 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 35,276 SF |
| No. Units | 35 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2025 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.79/1,000 SF |
| Zoning | CD-1 - comprehensive development district | ||
| Price | $28,900,000 CAD |
| Price Per Unit | $825,714 CAD |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 35,276 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2025 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | CD-1 - comprehensive development district |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Freezer
- Patio
- Smoke Free
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Smoke Free
- Wi-Fi
- Roof Terrace
- Bicycle Storage
- Car Charging Station
- Elevator
- Lounge
- Online Services
- Zen Garden
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 11 | - | - |
| 3+3 | 8 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
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1551 Grant | 1551 Grant St
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