2256 Brunswick Street

Overview

The subject is a well maintained 19-suite three-storey rental apartment building located in Vancouver’s highly sought after Mount Pleasant neighbourhood. Located adjacent to Dude Chilling Park, the property’s central location is just minutes from a growling list of popular restaurants and retail amenities on Main Street and the Broadway Corridor.

Built in 1965 and improved on a desirable 12,078 SF corner lot, the property features a suite mix of 18 one-bedrooms and 1 three-bedroom. Other highlights include patios/balconies, 12 parking stalls (5 secured & 7 surface), 1 set of leased washer/dryer and 20 half storage lockers.

The property is well-positioned to benefit from the future extension of the rapid transit Millennium Line along the Broadway Corridor and will be situated in close proximity to two future Skytrain stations: Mount Pleasant and Great Northern Way stations. This locale is part of the ongoing Broadway Plan study area that envisions primarily residential apartments with building heights of 15 to 25 storeys. The Broadway Plan is anticipated to be finalized early 2022 and will focus on opportunities to integrate development around the new Broadway Subway, slated to complete in 2025.

Upgrades

• Newer laminate flooring throughout lobby (2009)
• Two-ply torch-on roof (2010)
• Newer hot water tank (2019)
• Original boiler maintained regularly – heat pump replaced (2020)
• Covered parking security gate and bike racks installed (2012)
• Tekmar thermostat
• Exterior repaired and repainted (2009)
• Balconies restored (2009)
• New intercom system (2021)
• Suite updates throughout the years include toilet replacement, updated tub surrounds, appliances, and cabinets – updates vary suite-to-suite

Location

The Cumbrian is located 2 blocks east of Main Street and 3 blocks north of East Broadway, on the northeast corner of Brunswick Street & E 7^th Avenue, directly across from Dude Chilling Park in the Mount Pleasant neighbourhood.

Major transportation routes in a north/south direction are along Main and Clark Street, Kingsway and Fraser Street, with east/west travel provided by Broadway and 2nd Ave. With construction of both the Broadway Subway and the new St. Paul’s Hospital now underway, the area is ripe for continued growth.

Mount Pleasant neighbourhood

Mount Pleasant is one of Vancouver’s oldest neighbourhoods with a rich history. More recently, it has become home to some of the city’s most forward-thinking and creative businesses and people.

There has been a revitalization of the neighbourhood’s industrial lands located just west of Main Street, with several large-scale mixed-use office buildings nearing completion and in the planning process. In turn, some of the country’s largest and most innovative companies such as Hootsuite, WeWork, Samsung, Best Buy and AbCellera have committed to office space in the area. Furthermore, a growing list of office and industrial development continues to expand employment lands east of Main Street as well. Slated for completion in 2027, the new 18-acre St. Paul’s Hospital is anticipated to create 8,500 direct jobs. Lululemon, one of the city’s most prized companies, is also constructing its near 600,000 square foot head office that will house up to 4,000 employees by 2032. Lastly, Electronic Arts (EA) will soon occupy over 140,000 square feet in a four-storey office building on Great Northern Way.

With a growing list of economic benefits to the neighbourhood and the growing number of popular retail, restaurants, and breweries, Mount Pleasant is well positioned to transform into one of the regions most exciting communities.