2532 Fraser Street represents a compelling opportunity to acquire a nine-unit apartment building in Vancouver’s sought-after Mount Pleasant neighborhood. This two-storey building provides investors with value-add potential through strategic renovation and operational improvements. The property is currently under market rental levels, allowing for immediate upside through rent adjustments and targeted enhancements. Located within the Broadway Plan area, the property is positioned for continued growth and redevelopment potential. Current zoning falls under RT-5 (Two Family Dwelling), while land use designation under the Broadway Plan - MRT (Rental Only) permits high-rise rental development up to 18 storeys with a 5.50 FSR, subject to frontage requirements. The site sits on the south side of Fraser Street, near East Broadway, and benefits from close proximity to major transit, including the upcoming Great Northern Way – Emily Carr SkyTrain station. Mount Pleasant is known for its vibrant retail and dining mix, pedestrian-friendly streets, and connectivity to downtown Vancouver. Surrounded by an energetic mix of cafes, restaurants, and essential services, this location appeals to urban renters and developers seeking a foothold in one of Vancouver’s most dynamic submarkets. With its prime setting, redevelopment potential, and strong rental fundamentals, 2532 Fraser Street offers long-term upside for investors.