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227 15th Av E 8 Unit Apartment Building $3,980,000 CAD ($497,500 CAD/Unit) Vancouver, BC V5T 2P8
Investment Highlights
- Located within Vancouver’s Mount Pleasant district, known for eclectic dining, retail, and cultural amenities.
- Proximity to public transit, supporting efficient access around Vancouver.
- Registered and licensed for long-term rental use through 2026.
- Excellent walkability and cycling ratings; daily errands can be accomplished without reliance on a car.
- Short distance to major corridors providing connections to Downtown Vancouver and surrounding areas.
Executive Summary
The subject property is a well-maintained, eight-suite low-rise rental apartment building situated in Mount Pleasant. Constructed in 1968 and located on a
6,039 SF lot (49.5’ x 122’), the building provides stable in-place cash flow with meaningful and immediate upside with 3 units delivered vacant upon
possession. The property features a desirable suite mix comprising of seven one-bedroom suites and one two-bedroom suite.
6,039 SF lot (49.5’ x 122’), the building provides stable in-place cash flow with meaningful and immediate upside with 3 units delivered vacant upon
possession. The property features a desirable suite mix comprising of seven one-bedroom suites and one two-bedroom suite.
Property Facts
| Price | $3,980,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $497,500 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 3,752 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | ||
| Zoning | R3-3 - Residential | ||
| Price | $3,980,000 CAD |
| Price Per Unit | $497,500 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 3,752 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Zoning | R3-3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Strong public transit
80/100
Exceptionally bikeable
90/100
(604) 420-2600
x207
Contacts
-
Thomas Trowbridge -
Ben Williams -
Joe Hawboldt -
London Pacific Property Agents Inc.
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227 15th Av E
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