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51 Hastings St
Vancouver, BC V6B 1G4
Multifamily Property For Sale · 24 Units

Investment Highlights

  • Proximity to heavy institutional investments
  • Resilient tenancy capturing the upswing with the return of Tourism and Foot Traffic
  • "Hand's Free" Triple Net Lease with Guarantor

Executive Summary

For over 60 years The Paris Block was home to Pierre Paris & Sons - a logging boot manufacturer and shoe retailer. Today, the Paris family company continues as Paris Orthotics on West 4th Avenue. Located on West Hastings, just a few skips from the Woodward's building redevelopment, the Paris Block is a heritage conversion completed in 2008 with 29 lofts within a 100-year-old 5-storey brick building. The Paris Annex was constructed right beside the Paris Block. These buildings have been fused into shared hallways, stairs, elevator, and foyer. The Paris Annex, 100 years the junior to the Paris Block gives life to 17 modern concrete pads. "It's a very interesting juxtaposition of old and new." - The Salient Group Gastown is a great opportunity for students, urbanists and savvy visionaries to be a part of breathing new life into Vancouver's original city centre. All just steps from the SFU campus, Nester's grocery store, London Drugs, and other retailers. PLEASE DO NOT DISTURB THE TENANT.

Property Facts

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.20 AC
Building Size 25,668 SF
No. Stories 6
Year Built/Renovated 1912/2008
APN / Parcel ID 027-739-465
Zoning DD - Comprehensive Development

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • On-Site Retail
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 24 - -
  • Listing ID: 25619273

  • Date on Market: 5/3/2022

  • Last Updated:

  • Address: 51 Hastings St, Vancouver, BC V6B 1G4

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