2532 Fraser St - Apartments FOR SALE


Vancouver, BC V5T 3V4- Mount Pleasant
$2,600,000 CAD
604-647-1352
2532 Fraser St, Vancouver, BC for Sale
$2,600,000 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate

2532 Fraser St
Vancouver, BC V5T 3V4
Mount Pleasant


HIGHLIGHTS

  • Located within the Broadway Plan area, designated MRTC for high-rise rental development.
  • Permits up to 18 storeys and 5.50 FSR, subject to minimum 120 ft frontage.
  • Existing two-storey apartment building with nine two-bedroom units.
  • Situated along Fraser Street with strong connectivity to transit and amenities.
  • Close to major employment centers and vibrant retail corridors in Mount Pleasant.
  • Opportunity to leverage Vancouver’s long-term growth and rental housing demand.

OVERVIEW

This property presents a rare opportunity to acquire a multi-family asset with significant redevelopment potential in Vancouver’s Mount Pleasant neighborhood. Currently improved with a two-storey apartment building containing nine two-bedroom units, the site spans approximately 2,731 square feet and is situated along Fraser Street, a well-connected corridor with strong residential and commercial demand. The property falls within the Broadway Plan and is designated as MRTC (Mount Pleasant Residential Transition), which permits high-rise rental development up to 18 storeys and a density of 5.50 FSR, subject to a minimum frontage of 120 feet. This zoning framework positions the site as an attractive option for developers seeking to capitalize on Vancouver’s growing rental housing market and long-term urban intensification strategy. Located in close proximity to major transit routes, retail amenities, and employment hubs, the property offers excellent connectivity to Downtown Vancouver and surrounding neighborhoods. With its redevelopment potential and favorable planning designation, this asset is well-suited for investors and developers focused on high-density rental projects in one of Vancouver’s most dynamic urban districts.

FOR SALE DETAILS

PRICE

$2,600,000 CAD

PRICE/SF

$412 CAD /SF

# OF UNITS

9

PRICE/UNIT

$288,889

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RT-5

APN/PARCEL ID

007-615-795

ASK ABOUT THIS PROPERTY

Carey BuntainAvison YoungMore Info
604-647-1352

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

Carey BuntainAvison YoungMore Info
604-647-1352

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