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Avalon Hotel 163-165 W Pender St 88 Unit Apartment Building $6,700,000 CAD ($76,136 CAD/Unit) 5.20% Cap Rate Vancouver, BC V6B 1S4
Investment Highlights
- Centrally positioned in Downtown Vancouver with immediate proximity to Gastown, the Central Business District, and an array of dining and services.
- Significant value-add opportunity through leasing vacant commercial space and renovating 15 unoccupied residential units.
- Excellent connectivity with a perfect Transit Score of 100, within a short walk to Stadium–Chinatown SkyTrain Station, Waterfront Station, and more.
- Features 85 residential single room occupancy units and two ground-floor commercial retail units across three legal parcels.
Executive Summary
Colliers is pleased to present the opportunity to acquire the Avalon Hotel at 165 West Pender Street, Vancouver, BC (the “Property”). The Property presents an investment opportunity combining stable residential income with significant upside potential. Commonly known as the Avalon Hotel, the property features 85 residential units above ~8,545 SF of ground-floor retail space, all positioned within one of Downtown Vancouver’s most dynamic and evolving districts.
With excellent connectivity to SkyTrain, Gastown, Chinatown, and Downtown, the property benefits from exceptional walkability, strong tenant demand, and flexible Downtown District zoning that supports a variety of future uses and redevelopment possibilities.
With excellent connectivity to SkyTrain, Gastown, Chinatown, and Downtown, the property benefits from exceptional walkability, strong tenant demand, and flexible Downtown District zoning that supports a variety of future uses and redevelopment possibilities.
Property Facts
| Price | $6,700,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $76,136 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.20% | Building Size | 25,600 SF |
| No. Units | 88 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | ||
| Zoning | DD | ||
| Price | $6,700,000 CAD |
| Price Per Unit | $76,136 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 25,600 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Zoning | DD |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 88 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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Avalon Hotel | 163-165 W Pender St
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