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Queen Ann Apartments 1255 W 14th Ave 61 Unit Apartment Building For Sale Vancouver, BC V6H 1P7
INVESTMENT HIGHLIGHTS
- 44% of suites renovated with strong rental upside.
- Positioned within Broadway Plan with 6.5 FSR.
- Walkable, transit-rich, and bike-friendly location.
- Infill-ready excess land allows for 48 new units.
- Steady income with $1M projected Year 1 NOI.
EXECUTIVE SUMMARY
Queen Anne Place presents a rare opportunity to acquire a generational multifamily asset in Vancouver’s prestigious Westside. Located at 1255 West 14th Avenue in the Fairview neighborhood, this 11-storey concrete high-rise comprises 61 rental suites across 42,133 square feet of net rentable area. The suite mix includes junior one-bedrooms, one-bedrooms, and two-bedrooms, with 44% of units already renovated, offering immediate curb appeal and operational upside.
The property spans four legal lots, with the central two hosting the existing tower and the outer lots offering approximately 12,500 square feet of excess land. This configuration enables a unique infill development opportunity for up to 39,000 square feet of wood-frame rental housing—potentially 48 additional units—without displacing current tenants or interrupting cash flow.
Strategically positioned within the Broadway Plan’s Fairview South Area B, the site benefits from a 6.5 FSR and 20-storey height allowance. Its corner-lot location boasts 250 feet of frontage on West 14th Avenue and 62.5 feet on Birch Street, enhancing visibility and access. The property is just blocks from Granville Street, Vancouver General Hospital, and West Broadway, and minutes from Downtown Vancouver.
With a projected Year 1 NOI of over $1 million and a 47% rent upside, Queen Anne Place offers both stable income and long-term development potential in one of Vancouver’s most desirable and transit-connected neighborhoods. The site is poised to benefit from the Broadway Subway Project, a $2.95 billion infrastructure expansion that will further elevate connectivity and demand.
The property spans four legal lots, with the central two hosting the existing tower and the outer lots offering approximately 12,500 square feet of excess land. This configuration enables a unique infill development opportunity for up to 39,000 square feet of wood-frame rental housing—potentially 48 additional units—without displacing current tenants or interrupting cash flow.
Strategically positioned within the Broadway Plan’s Fairview South Area B, the site benefits from a 6.5 FSR and 20-storey height allowance. Its corner-lot location boasts 250 feet of frontage on West 14th Avenue and 62.5 feet on Birch Street, enhancing visibility and access. The property is just blocks from Granville Street, Vancouver General Hospital, and West Broadway, and minutes from Downtown Vancouver.
With a projected Year 1 NOI of over $1 million and a 47% rent upside, Queen Anne Place offers both stable income and long-term development potential in one of Vancouver’s most desirable and transit-connected neighborhoods. The site is poised to benefit from the Broadway Subway Project, a $2.95 billion infrastructure expansion that will further elevate connectivity and demand.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 61 | Building Size | 42,133 SF |
| Property Type | Multifamily | No. Stories | 11 |
| Property Subtype | Apartment | Year Built | 1973 |
| Apartment Style | Mid-Rise | Parking Ratio | 1/1,000 SF |
| Building Class | C | ||
| Zoning | R3-3 - Residential | ||
| Sale Type | Investment |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 42,133 SF |
| No. Stories | 11 |
| Year Built | 1973 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3-3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Handrails
SITE AMENITIES
- Security System
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 58 | - | 505 |
| 2+1 | 3 | - | 1,344 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (93)
CONTACTS
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David Venance -
Matthew MacLean -
Patrick Hannah -
Chris Harper -
Cushman & Wakefield
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Queen Ann Apartments | 1255 W 14th Ave
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