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Grande Manor

1134 Burnaby Street, Vancouver

$7,000,000

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Price $7,000,000

Property type Apartment building

Units 21

Storeys 3

Year built 1965

Lot size 8,646 SF (66' x 131')

Zoning RM-5A

Price per unit $333,333

Cap rate 4.5%

Gross income multiplier 15.8

Parking 5 secured + 3 covered

PID 015-746-691, 015-746-666

Legal description The East 1/2 and West 1/2 of Lot 4 Block 26 District Lot 185 Plan 92

Overview

Grande Manor is a 21-suite, three-storey rental apartment building located in Vancouver’s West End neighbourhood, just steps from vibrant Davie Street.

Constructed in 1965, the property sits on an 8,646 sq. ft. RM-5A zoned lot (66′ x 131′) and features a balanced suite mix of three bachelors and 18 one-bedrooms. Building amenities include secure parking, a shared laundry room with two leased washer and dryer sets, individual storage lockers for each suite, and a video surveillance system for enhanced security throughout the premises.

Seven suites are currently vacant offering significant rental upside once completed. Recent capital upgrades include a roof replacement (approximately 10 years ago), a new boiler (year TBD), and ongoing in-suite upgrades as units turn over.

Location

Grande Manor is centrally located in Downtown Vancouver in the City’s highly desirable West End neighbourhood. The property is situated on the south side of Burnaby Street, between Bute and Thurlow Street. Its pedestrian friendly location affords quick access to a variety of notable Downtown amenities including a mix of bars, retail and restaurants located on Davie Street.

The past few years has also seen the completion of several high-profile development sites, adding new residential and commercial space to the urban landscape. This new diverse mix of space adds to the vibrancy and attractiveness of the already popular West End neighbourhood. Finally, the property is within a short 8-minute walk to Sunset Beach and close to the world famous thousand-acre Stanley Park.

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	No. units	Average size	Average rent
Bachelor	No. units3	Average size$1,700
1 Bedroom	No. units18	Average size$1,763

Financials

Financing	Treat as clear title
Assessment 2026	Land Building Total	Land$3,631,000 Building$2,644,000 Total$6,275,000
Taxes 2025	$21,584
Income and expenses	Gross income Vacancy Effective gross Operating expenses Net operating income	Gross income$448,579 Vacancy(4,486) Effective gross$444,094 Operating expenses(126,928) Net operating income$317,166
Notes	For additional information including detailed financials, please contact the listing agent.

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