163-165 W Pender St - Apartments FOR SALE


Vancouver, BC V6B 1S4- Downtown Vancouver
$6,700,000 CAD
604-662-2654
163-165 W Pender St, Vancouver, BC for Sale
$6,700,000 CAD
Apartments - FOR SALE
1/12
null | 5.2% Cap Rate

163-165 W Pender St
Vancouver, BC V6B 1S4
Downtown Vancouver


HIGHLIGHTS

  • Centrally positioned in Downtown Vancouver with immediate proximity to Gastown, the Central Business District, and an array of dining and services.
  • Excellent connectivity with a perfect Transit Score of 100, within a short walk to Stadium–Chinatown SkyTrain Station, Waterfront Station, and more.
  • Significant value-add opportunity through leasing vacant commercial space and renovating 15 unoccupied residential units.
  • Features 85 residential single room occupancy units and two ground-floor commercial retail units across three legal parcels.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,700,000 CAD

PRICE/SF

$262 CAD /SF

# OF UNITS

88

PRICE/UNIT

$76,136

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avalon Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DD

APN/PARCEL ID

010-401-113,010-401-130

ASK ABOUT THIS PROPERTY

Morgan IannoneColliersMore Info
604-662-2654

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Morgan IannoneColliersMore Info
604-662-2654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.