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Fixture On Fraser - 4238 Fraser Street 708 E 26th Ave 26 Unit Apartment Building $19,250,000 CAD ($740,385 CAD/Unit) 4.11% Cap Rate Vancouver, BC V5V 4G2
INVESTMENT HIGHLIGHTS
- Located in Fraserhood with dual frontage on Fraser Street and East 26th Avenue.
- Projected 13% upside on in-place residential rents.
- Walk Score of 93 and Bike Score of 83 in a transit-rich corridor.
- Retail tenants include Prado Café and Nest Dental.
- Oversized suites with premium finishes and full appliance packages.
- Turnkey asset with institutional-grade management and maintenance.
EXECUTIVE SUMMARY
Cushman & Wakefield presents Fixture, a rare opportunity to acquire a 100% freehold interest in a modern, purpose-built rental asset located in Vancouver’s vibrant Fraserhood neighborhood. Built in 2015 and meticulously maintained by a local private family office, this 4-storey mixed-use property features 26 oversized residential suites and two high-profile retail tenants—Prado Café and Nest Dental—anchoring the ground floor.
The residential component spans 18,599 square feet with an average suite size of 715 square feet, offering a mix of one-bedroom, one-bedroom plus den, two-bedroom, and two-bedroom plus den layouts. Each unit is outfitted with condominium-quality finishes including quartz countertops, full appliance packages, and in-suite laundry. The retail space totals approximately 2,714 square feet, enhancing the property’s appeal and neighborhood integration.
With current residential rents averaging $3.91 PSF, the property offers a projected 13% revenue upside, making it an attractive investment for buyers seeking both stability and growth. The building’s institutional-grade management and immaculate condition further reinforce its turnkey appeal. Located steps from King Edward Avenue and major transit routes, Fixture benefits from seamless access to the Canada Line, Expo Line, and Millennium Line, as well as proximity to Downtown Vancouver.
Surrounded by boutique shops, cafes, parks, and schools, the property boasts a Walk Score of 93 and a Bike Score of 83, underscoring its desirability for a wide tenant demographic. This offering combines the best of modern construction, income potential, and location in one of Vancouver’s most walkable and dynamic communities.
The residential component spans 18,599 square feet with an average suite size of 715 square feet, offering a mix of one-bedroom, one-bedroom plus den, two-bedroom, and two-bedroom plus den layouts. Each unit is outfitted with condominium-quality finishes including quartz countertops, full appliance packages, and in-suite laundry. The retail space totals approximately 2,714 square feet, enhancing the property’s appeal and neighborhood integration.
With current residential rents averaging $3.91 PSF, the property offers a projected 13% revenue upside, making it an attractive investment for buyers seeking both stability and growth. The building’s institutional-grade management and immaculate condition further reinforce its turnkey appeal. Located steps from King Edward Avenue and major transit routes, Fixture benefits from seamless access to the Canada Line, Expo Line, and Millennium Line, as well as proximity to Downtown Vancouver.
Surrounded by boutique shops, cafes, parks, and schools, the property boasts a Walk Score of 93 and a Bike Score of 83, underscoring its desirability for a wide tenant demographic. This offering combines the best of modern construction, income potential, and location in one of Vancouver’s most walkable and dynamic communities.
PROPERTY FACTS
| Price | $19,250,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $740,385 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.11% | Building Size | 21,363 SF |
| No. Units | 26 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Zoning | C-2 - Commercial | ||
| Price | $19,250,000 CAD |
| Price Per Unit | $740,385 CAD |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 21,363 SF |
| No. Stories | 4 |
| Year Built | 2015 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | C-2 - Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- 24 Hour Access
- On-Site Retail
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 15 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (83)
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Fixture On Fraser - 4238 Fraser Street | 708 E 26th Ave
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