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The Nelson 1070 Nelson St 22 Unit Apartment Building $5,127,827 USD ($233,083 USD/Unit) Vancouver, BC V6E 1H8
Investment Highlights
- Rare opportunity to acquire 12 of 22 strata lots with potential to assemble all units.
- Eleven extensively renovated one-bedroom suites with in-suite laundry and mezzanine bedrooms.
- Strong income performance with stabilized net income projected at $280,186 and a 4% cap rate.
- Located in Vancouver’s West End, steps from downtown employment, transit, and amenities.
- Secure underground parkade, storage lockers, and bike storage for tenant convenience.
- Exceptional long-term land value and redevelopment potential under the West End Community Plan.
Executive Summary
This building consists of 22 strata lots, which are all 1 bedroom apartments which was originally constructed in 1980. It is wood-frame construction with stucco and wood siding. It has an open courtyard area when you enter the building and the hallways are open-air. Each units has insuitelaundry and come with a separate storage locker. There is an underground parkade and each unit comes with a parking stal
Property Facts
| Price | $5,127,827 USD | Apartment Style | Low-Rise |
| Price Per Unit | $233,083 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 22 | Building Size | 26,316 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | RM-5B | ||
| Price | $5,127,827 USD |
| Price Per Unit | $233,083 USD |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 26,316 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Zoning | RM-5B |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | 765 |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
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Videos
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The Nelson | 1070 Nelson St
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