Roddington Apartments presents a rare opportunity to acquire a 13-unit rental apartment building in one of Vancouver’s most dynamic neighborhoods, Kensington-Cedar Cottage. This three-story character property combines timeless architectural charm with important modernization, creating a desirable balance of stability and upside potential. The property features a diverse unit mix, including studios, one-bedroom layouts, one-bedroom plus den arrangements, and two-bedroom suites, appealing to a range of tenant profiles.
Extensive recent capital improvements in 2026, including building-wide exterior upgrades and critical system enhancements, position the asset for long-term operational efficiency. Onsite perks include 12 surface parking stalls, ample tenant storage, and upgraded systems ensuring low-maintenance performance. Prime exposure along Fraser Street provides unmatched access to local cafés, boutique retail, parks, and essential services, further enhancing its rental demand.
Strong in-place cash flow, supported by a stabilized net operating income of $221,766 per annum, makes this an attractive income-generating investment. Priced with a guidance of $4,350,000, Roddington Apartments offers investors an exceptional foothold in a growing neighborhood, with significant value appreciation potential in a competitive Vancouver market.