Villa Florencia

Overview

Situated on a beautiful mature tree-lined street, Villa Florencia is a 35-suite three-storey apartment building centrally located in the Broadway Corridor Plan Study area, one block south of West Broadway and one block east of Vancouver City Hall. It’s conveniently situated just 315 meters to the Broadway–City Hall Subway Station to the west and a ten-minute walk to the future Mount Pleasant Subway Station to the east.

Constructed in 1968 and improved on a large 18,750 SF RM-4 zoned lot, the building features elevator service and comprises a suite mix of 32 one-bedrooms and 3 two-bedrooms.

Highlights & upgrades

• 150 feet of frontage along West 10th Avenue
• Laundry room: 2 sets of washer & dryer (leased).
• Unit #204 features in-suite washer/dryer; 2 suites contain dishwashers
• 5 security cameras located throughout property
• Secure underground parking: 28 stalls + 2 additional being used as storage space
• 35 storage lockers + 2 bike lockers
• Grandfathered mail delivery – delivered directly to suites

Upgrades

• New garage door motor installed for parking gate (2019)
• 5 balconies replaced (2019)
• 2 IBC wall mounted high efficiency boilers + 2 hot water tanks (2017)
• All suites replaced with new breakers panels (2013)
• Elevator – updated door, sensor, and motor (2013)
• Torch-on roof (2012)
• Original piping throughout building updated as required. Shut-offs for each unit (ground floor only)

Broadway Corridor Plan study area

Villa Florencia is situated in the Broadway Corridor Plan study area, just steps to the Broadway–City Hall Subway Station to the west and a ten-minute walk to the future Mount Pleasant Subway Station to the east. The draft plan is anticipated to be presented to council in early 2022.

The City’s Broadway Plan Refined Directions document indicates the property is situated in the Mount Pleasant South Apartment Areas. The intent for future densification is described as follows:

• Primarily residential apartment areas with diverse housing options
• Building heights of 15-25 storeys for renewal and expansion of older rental, social and co-op housing, as well as projects including 20% social housing
• New shops and services in select locations (e.g. key walking streets, greenways).

More can be found online at: https://shapeyourcity.ca/broadway-plan

Location

Located just 2 blocks east of Cambie Street in the Mount Pleasant neighbourhood of Vancouver, just off West Broadway and steps to City Hall and Vancouver General Hospital. West Broadway and West 12th Avenue form the major east-west traffic arteries across the city (direct bus access to UBC), while Cambie Street is the major nearby north-south traffic corridor which provide access to and from the downtown core and South Richmond (YVR).

This location also affords quick access to highly concentrated employment nodes such as the Broadway Corridor and Vancouver General Hospital. Additionally, the property is situated in one of the most pedestrian friendly commercial nodes, offering a mix of bars, restaurants, and other everyday retail amenities.