95 East 14th Avenue
Vancouver, BC
FOR SALE
Property Details
- Lot Size 15,576 sf (132 ft x 118 ft)
- Zoning RM-4
- Broadway Plan Designation Mount Pleasant South Apartment Areas - Area B (mid to high rise development)
- Maximum Potential Density 6.50 FSR (101,296 sf GBA)
- Storeys 3
- Rental Units 26
- Suite Mix Jr 1 Bed: 1 | 1 Bed: 24 | 3 Bed: 1
- Total Net Rentable Area 17,111 sf
- Parking 21 stalls
- Laundry In-Suite and coin-operated
- Stabilized Net Operating Income/Cap Rate 6.50 FSR (101,296 sf GBA)
- Pricing Guidance $9,800,000 ($376,923 price per door)
Opportunity
Avison Young is pleased to present the opportunity to acquire 95 East 14th Avenue, Vancouver, BC (the “Property”). This three-storey, wood-frame rental apartment building comprises 26 residential units and is ideally situated within the Broadway Plan area, near Mount Saint Joseph Hospital. The Property benefits from its close proximity to the future Mount Pleasant SkyTrain Station, part of the multi-billion-dollar Millennium Line Broadway Extension, which will enhance transit connectivity from VCC–Clark to Arbutus.
This offering represents a rare opportunity to acquire a renovated, income-generating 26-unit apartment building with strong in-place cash flow and significant long-term redevelopment potential.
Investment Highlights
Situated within the Broadway Plan providing immediate or medium term potential for an investor to capitalize on development value
Walking distance to the future Mount Pleasant SkyTrain Station (Millennium Line Broadway Extension)
The apartment building has been well maintained with 11 fully renovated suites and 5 partially renovated suites
Additional income is collected for parking, laundry, and storage
Held in a bare trust (potential for property transfer tax savings)
The City of Vancouver has recently amended the View Cone Policy that previously impacted the Property’s ability to achieve 20 storeys of height
Over $1 million invested in strategic capital improvements since 2018, significantly enhancing building quality, longevity, and tenant appeal
