$890,000on Aug 28, 2025
C8066769 |
Vancouver West | Fairview VW
|Santa Monica
Opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver's desirable South Granville neighbourhood. The property consists of a 7,813 SF site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential.
Property Type | Commercial Sale / Multi Family / Land Commercial / Multi-Family Commercial |
Style of Building | Freestanding, Mul Tenant/MultiPlex (5+) |
Asking Price | $5,000,000 |
Floor Area Price per Building SqFt | 8,113 sqft $616 |
Age | 98 years (1927) |
Land Size Price per Land SqFt | 0.18 ac (7,841 sqft) $637.67 |
Land Frontage | 62.5 ft |
Land Depth | 125 ft |
Property Taxes | $16,845 (2024) |
Ownership Interest | Freehold |
PID | 014-176-599 |
Seller's Agent | Macdonald Commercial Real Estate Services Ltd. RE/MAX Crest Realty |
✓ Laundry Facility | ✓ Security System |
✓ Building Security |
Year | Total | Land | Impr. | YoY Change | Taxes |
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The displayed rates are provided as guidance only, are not guaranteed, and are not to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.
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