Martello Tower

1011 Beach Avenue, Vancouver

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Property type Concrete high-rise

Units 220

Storeys 30

Net rentable area 129,600 SF

Year built 1969

Lot size 43,152 SF

Zoning RM-5A

Parking 156 secured + 52 surface stalls

PID 008-920-796

Sale date 04/15/2021

Overview

Martello Tower is an iconic 30-storey 220-unit rental high-rise in Vancouver’s prized English Bay neighbourhood. This waterfront property sits on approximately 1 acre of land and features significant infill development potential.

The coveted Beach Avenue address provides the building unobstructed water and cityscape views. Additionally, the tower is just steps from several of the city’s most famed amenities including the Seawall, Sunset Beach and Stanley Park, and walking distance to Downtown Vancouver, public transit, shopping and restaurants.

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	No. units	Average size	Average rent
1 bedroom	No. units180	Average size536 SF
2 bedroom	No. units40	Average size828 SF

Financials

Assessment 2021	Land Building Total	Land$55,550,000 Building$73,216,000 Total$128,766,000

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.