10
See all 10 photos
$5,800,000
Est. payment /mo
6,098 Sqft Lot
Active
1696 W 11th AVE Vancouver, BC V6J 2B9
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8073592
Lot Size 6,098 Sqft
Property Sub-Type Multi Family
Property Description
Rare and unique opportunity to own a piece of Vancouver's history in the Penrhyn Lodge (the “Property”). Having been built early in the 20th century, the Property exudes timeless character and charm, showcased by vintage stained glass windows, coffered ceilings, and original hardwood fir floors. The building has, however, undergone many updates over the years, and in its current form features 20 rental units ranging from micro units that share a communal washroom, to self-contained bachelor suites, one bedroom lofts, and a grand two bedroom unit. There are also two coach houses off the laneway. Nestled in the heart of Vancouver's coveted South Granville neighbourhood the Property is surrounded by world class dining and shopping. The future South Granville Broadway Subway Station will be a short 9 minute walk for tenants commuting to UBC and downtown. Penrhyn Lodge offers investors secure and stable cash-flow with continued rent growth underpinned by future redevelopment potential under the Broadway Plan.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Zoning RM-3
Others
Ownership Freehold
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