Overview
Turn-key gem just 2 blocks to Commercial Drive! The subject property is a 4.5-story, 6-suite totally rebuilt and modernized wood-frame apartment building situated in the heart of Vancouver’s coveted Commercial Drive neighborhood.
Originally constructed in 1979 on a 6,250 SF corner lot, the entire building was stripped down to the studs and completely renovated in 2014. There are six massive two-bedroom suites (910 SF avg) boasting open concept layouts including in-suite stacked washer/dryers.
The 5th and 6th suites are split-level and include rooftop patio decks providing residents with breathtaking panoramic views of the North Shore Mountains and the iconic skyline of Downtown Vancouver.
Other highlights include large balconies or patio decks, electric heat paid by tenants, a surveillance system, high-efficiency wall-mounted boilers, 3 enclosed garages used as tenant storage / bike racks and 5 surface parking stalls.
Location
The property is situated on the southwest corner of Woodland Drive and William Street, just two blocks west of Vancouver’s renowned Commercial Drive corridor. This location, in the heart of what is affectionately known as “The Drive,” is considered one of the most desirable areas in the city. Directly across the street to the north lies Britannia Elementary School, while Grandview Park is a mere two blocks to the east.
Commercial Drive is celebrated for its distinct European ambiance, setting it apart from other Vancouver neighborhoods. The streetscape is known for its charming cafes, boutiques, and artisanal bakeries and pastry shops, all seamlessly blending with essential businesses such as banks, grocery stores, and hardware shops. This unique mix creates an atmosphere that can’t be found anywhere else in the city. The area is well-served by public transit, with both bus routes and a nearby Skytrain station.
The Drive’s distinctive character, coupled with its convenient amenities and strong sense of community, solidifies its position as one of Vancouver’s most dynamic neighborhoods.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
2 bedroom | No. units6 | Average size910 SF | Average rent$1,354 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2025 | Land Building Total | Land$2,265,000 Building$1,221,000 Total$3,486,000 |
Taxes 2024 | 11,865.40 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$202,824 Vacancy(1,014) Effective gross$201,810 Operating expenses(32,881) Net operating income$168,929 |
Notes | For the financials, click here. |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 634 1833
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 634 1833
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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