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2532 Fraser St 9 Unit Apartment Building $1,911,048 USD ($212,339 USD/Unit) Vancouver, BC V5T 3V4
Investment Highlights
- Nine-unit apartment building in the heart of Mount Pleasant, just steps from East Broadway.
- Current rents well below market with cash flow growth potential through upgrades and turnover.
- Located 800 meters from the Emily Carr SkyTrain station and near major transportation routes.
- Positioned within the Broadway Plan, permitting high-rise rental development up to 18 storeys and 5.50 FSR.
- Situated along Fraser Street with strong connectivity to transit and amenities.
- Surrounded by diverse shopping, dining, and cultural amenities in a high-demand rental market.
Executive Summary
2532 Fraser Street represents a compelling opportunity to acquire a nine-unit apartment building in Vancouver’s sought-after Mount Pleasant neighborhood. This two-storey building provides investors with value-add potential through strategic renovation and operational improvements. The property is currently under market rental levels, allowing for immediate upside through rent adjustments and targeted enhancements.
Located within the Broadway Plan area, the property is positioned for continued growth and redevelopment potential. Current zoning falls under RT-5 (Two Family Dwelling), while land use designation under the Broadway Plan - MRT (Rental Only) permits high-rise rental development up to 18 storeys with a 5.50 FSR, subject to frontage requirements. The site sits on the south side of Fraser Street, near East Broadway, and benefits from close proximity to major transit, including the upcoming Great Northern Way – Emily Carr SkyTrain station.
Mount Pleasant is known for its vibrant retail and dining mix, pedestrian-friendly streets, and connectivity to downtown Vancouver. Surrounded by an energetic mix of cafes, restaurants, and essential services, this location appeals to urban renters and developers seeking a foothold in one of Vancouver’s most dynamic submarkets. With its prime setting, redevelopment potential, and strong rental fundamentals, 2532 Fraser Street offers long-term upside for investors.
Located within the Broadway Plan area, the property is positioned for continued growth and redevelopment potential. Current zoning falls under RT-5 (Two Family Dwelling), while land use designation under the Broadway Plan - MRT (Rental Only) permits high-rise rental development up to 18 storeys with a 5.50 FSR, subject to frontage requirements. The site sits on the south side of Fraser Street, near East Broadway, and benefits from close proximity to major transit, including the upcoming Great Northern Way – Emily Carr SkyTrain station.
Mount Pleasant is known for its vibrant retail and dining mix, pedestrian-friendly streets, and connectivity to downtown Vancouver. Surrounded by an energetic mix of cafes, restaurants, and essential services, this location appeals to urban renters and developers seeking a foothold in one of Vancouver’s most dynamic submarkets. With its prime setting, redevelopment potential, and strong rental fundamentals, 2532 Fraser Street offers long-term upside for investors.
Property Facts
| Price | $1,911,048 USD | Apartment Style | Low-Rise |
| Price Per Unit | $212,339 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,314 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | RT-5 - Residential | ||
| Price | $1,911,048 USD |
| Price Per Unit | $212,339 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 6,314 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | RT-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Very bikeable
80/100
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2532 Fraser St
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