Santa Monica Apartments

Overview

Santa Monica Apartments is a well-maintained 13-suite, 2-storey apartment building located in the heart of Vancouver’s Fairview, just west of Granville Street along West 12th Avenue.

Built in 1929, the property exudes classic old-world charm that defines this popular rental neighbourhood.

The building features an exquisitely renovated, oversized 1,621 sq ft two-bedroom, two-bath suite, along with surface parking and a large storage area offering 12 full-size lockers. All suites have hardwood floors, a mixture of gas and electric stoves, and in-suite electric fireplaces. Additional highlights include attractive hallways and entrances, beautiful landscaping, and a distinctive wrought iron fence.

Upgrades

The property has been very well maintained with a consistent and ongoing program of upgrades to both the suites and common areas over the years.

Recent Capital Improvements (2019–2025):

• 2019: Water membrane sealing of rear lower wall and perimeter paving
• 2021: Replaced flooring and drywall in Unit 14 following flood damage
• 2022: Reconstructed and sealed brick, tile, and concrete at front entrance
• 2023: Sealed east wall of locker room following flood damage
• 2023: Refinished exterior stucco on east wall above rear stairs
• 2024: Boiler cleaning and replacement of media relief T&P valve
• 2024: Replaced bathroom window and tub surround in Unit 7 to remove mould
• 2024: Replaced several leaking radiator valves in various units
• 2025: Prepared, sanded, and refinished laundry room floor
• 2025: Replaced various boiler components

Earlier Improvements:

• 2013: New hallway carpets, windows, boiler, hot water tank, and boiler room plumbing
• 2015: Exterior stucco repainted
• 2016: New motor pump and torch-on roof
• Suite 7 (two-bedroom): Exquisitely renovated

Location

Santa Monica Apartments is located in Vancouver’s coveted Fairview neighbourhood, just west of Granville Street on the south side of West 12th Avenue. 

The property is just steps from the vibrant South Granville commercial corridor, offering immediate access to boutique shopping, everyday conveniences, cafes, restaurants, art galleries, and nearby parks and green spaces that enhance the area’s appeal as a highly desirable rental location.

Fairview is widely regarded as one of Vancouver’s most stable and sought-after Westside rental markets, with consistent demand from professionals and students alike. For investors, this prime central location, excellent transit and amenity access, and deep, diversified tenant base position this building as a compelling long-term income property – supported by strong fundamentals for ongoing rental performance and significant future redevelopment potential.

Land Use

This property is located within Fairview South – Area B (FSOB) under the Broadway Plan. This designation supports secured rental housing up to a maximum of 20 storeys and 6.5 FSR for sites with existing rental units.

A minimum of 20% of the residential floor area must be secured at below-market rental rates. The standard minimum frontage required to achieve a tower form is 150 feet, which may be conditionally reduced to as little as 99 feet at the discretion of the Director of Planning.