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1696 W 11TH Avenue
Fairview VW Vancouver V6J 2B9

$6,200,000
Multi-Family Commercial

Main Photo: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 1: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 2: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 3: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 4: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 5: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 6: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 7: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 8: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 9: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 10: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 11: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 12: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Photo 13: 1696 W 11TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8066791
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066791
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 selfcontained 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.
Sale Type:
Asset
Name of Complex/Subdivision:
# Other Units:
# of Apartments:
20
Total Floor Area:
9,473 sq. ft.
Lot Area:
6,250 sq. ft.
Land Use/Zoning:
RM-3
Taxes:
$11,677.9 / 2024
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Marcus & Millichap
Data was last updated February 23, 2025 at 08:10 PM (UTC)
ALEX REN
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