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Newport & Kirya Apartments 2 Multifamily Properties in Vancouver, BC
INVESTMENT HIGHLIGHTS
- Fully leased 52-unit multifamily asset with stable income.
- Brand-new Kirya Apartments delivering in August 2025.
- Secured underground parking and modern suite finishes.
- 42% mark-to-market upside on legacy units at Newport.
- Prime West End location near Sunset Beach and Stanley Park.
- Walk Score 96, Transit Score 89, Bike Score 91.
EXECUTIVE SUMMARY
Positioned in the heart of Vancouver’s iconic West End, the Newport & Kirya Apartments offer a rare opportunity to acquire a stabilized, income-generating multifamily asset with immediate upside and long-term redevelopment potential. The offering includes two buildings on a single 8,648 SF lot: the 11-storey Newport Apartments, a concrete mid-rise with 41 one-bedroom suites and the head office of Lantern Properties, and the newly constructed Kirya Apartments, an 11-suite low-rise infill development slated for occupancy in August 2025.
Together, the properties deliver 27,274 SF of net rentable area with a blended average suite size of 525 SF. Newport’s current rents reflect a 42% mark-to-market opportunity, while Kirya’s brand-new units are already leased at full market rates. Both buildings feature secured underground parking, with Kirya offering in-suite laundry and modern finishes.
Located just steps from Sunset Beach, Stanley Park, and the Burrard Street Bridge, the site benefits from exceptional walkability (Walk Score 96), transit access (Transit Score 89), and bikeability (Bike Score 91). The West End is one of Vancouver’s most vibrant and densely populated neighborhoods, home to over 40,000 residents and a thriving mix of retail, dining, and cultural amenities. The property is also within a short drive of the Financial District, Yaletown, and Kits Beach, making it highly attractive to both renters and investors.
This is a compelling opportunity to secure a high-performing multifamily asset in one of Canada’s most desirable urban markets, with strong in-place income and future redevelopment flexibility.
Together, the properties deliver 27,274 SF of net rentable area with a blended average suite size of 525 SF. Newport’s current rents reflect a 42% mark-to-market opportunity, while Kirya’s brand-new units are already leased at full market rates. Both buildings feature secured underground parking, with Kirya offering in-suite laundry and modern finishes.
Located just steps from Sunset Beach, Stanley Park, and the Burrard Street Bridge, the site benefits from exceptional walkability (Walk Score 96), transit access (Transit Score 89), and bikeability (Bike Score 91). The West End is one of Vancouver’s most vibrant and densely populated neighborhoods, home to over 40,000 residents and a thriving mix of retail, dining, and cultural amenities. The property is also within a short drive of the Financial District, Yaletown, and Kits Beach, making it highly attractive to both renters and investors.
This is a compelling opportunity to secure a high-performing multifamily asset in one of Canada’s most desirable urban markets, with strong in-place income and future redevelopment flexibility.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 47,442 SF |
| Number of Properties | 2 | Total Land Area | 0.40 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 47,442 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Newport Apartments
1176 Burnaby St, Vancouver, BC V6E 1P1 |
Multifamily | 40,300 SF | 1966 | - |
|
Kirya
1188 Burnaby St, Vancouver, BC V6E 1P1 |
Multifamily | 7,142 SF | 2025 | - |
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