Overview
This is a one-of-a-kind turnkey property with a genuine pride of ownership. 53 E 13th is an extensively renovated 8-suite three-storey rental apartment building located in the heart of the Main Street corridor, one of the city’s most popular thoroughfares.
Originally built in 1966, the building is improved on a 6,119 SF R5-4 zoned corner lot and features a suite mix of 7 one-bedrooms and 1 two-bedroom. Other highlights include 8 storage lockers, 1 set of owned washer & dryer, 3 surface level parking stalls and secured lockers for 15 bikes located at the exterior of the property. Property held in a bare trust.
Building Highlights
- Completely renovated 8-suite three-storey wood-frame building
- Beautifully landscaped property with great street appeal
- Building sits elevated from street level providing increased privacy for front-facing ground floor units
- Clean modern lobby
- 16 security cameras located throughout property (14 exterior & 2 interior)
- Regularly maintained HydroTherm boiler
Upgrades
The subject property has undergone and extensive capital upgrades program to both the suites and common areas. This includes a complete re-piping in 2012 with Pex pipe, along with the following list up upgrades completed between 2016-2021:
- New hot water tank (2023)
- Air conditioning in 4 suites
- New stove in unit 303 (2024)
- Balconies completely rebuilt with high-quality vinyl Tufdek with 20-year manufacturer’s warranty
- Fascia and balcony railings sanded and repainted
- Full exterior painting
- Windows and siding replaced with high-quality Retro Teck double-glazed windows
- Cavities in ceiling and behind kitchen counters filled with cellulose fiber by Ocean Park Insulation & Sound Control to reduce sound transfer and protect against excess heat or cold
- New electrical breaker panels installed in all suites
- All kitchens rewired with dedicated outlets for fridge and microwave ovens
- All new stainless steel, energy-star rated appliances including stoves, dishwashers, fridges, microwave ovens and range fans
- Suite lights replaced with quality LEDs
- Suite floors replaced with luxury vinyl in hallways, bathrooms and kitchens
- All kitchen cabinets installed with new vinyl doors and drawer fronts
- Bathrooms substantially updated with new bathtubs, cabinets, mirrors, LED lighting, vinyl flooring, toilets, ceiling fans, towel racks and toilet roll holders
- All interior door hardware replaced
- Entire floor of lobby/stair bottoms replaced with new high-density underlay and nylon commercial cut-pile carpet
- New flooring in laundry room
- New cabinets and laundry sink installed in laundry room
- New asphalt and gravel roof with 20-year warranty on materials and workmanship (2021)
- Exterior lights replaced with LEDs and updated with motion detectors on the west and east side of building
- Lorex security system installed
- Extensive exterior landscaping updates including new trees, plants, and concrete addition to the parking at rear for garbage and recycling
Location
The property is ideally located in Mount Pleasant, on the north side of East 13th Avenue, just west of Main Street. The property enjoys a quiet residential setting with immediate access to the vibrant array of shops, restaurants, and services along Main Street. It is also within a short five-minute walk (approximately 500 metres) of the future Mount Pleasant SkyTrain station at Main Street and Broadway.
Mount Pleasant is a dynamic, highly livable neighbourhood known for its eclectic charm, blending heritage architecture with modern development. The area offers excellent public transit connectivity, is a short bike ride from Downtown Vancouver, and is rich in local amenities, including boutique retailers, cafés, and diverse dining options.
The neighbourhood is also a growing hub for creative industries and tech sector employers, and is just a five-minute drive to Vancouver General Hospital (VGH) and the Central Broadway corridor—the second-largest employment centre in British Columbia.
With a vibrant cultural scene, ample green space, access to top employment and educational institutions, and close proximity to downtown, Mount Pleasant attracts a wide demographic—from students and young professionals to families and retirees. Its unique mix of convenience, lifestyle, and character makes it one of Vancouver’s most desirable places to live.
Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| 1 bedroom | No. units7 | Average size579 SF | Average rent$1,973 |
| 2 bedroom | No. units1 | Average size729 SF | Average rent$2,800 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2025 | Land Building Total | Land$1,509,000 Building$2,430,000 Total$3,939,000 |
| Taxes 2025 | $14,230.60 | |
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$201,220 Vacancy(2,012) Effective gross$199,208 Operating expenses(43,423) Net operating income$155,785 |
| Notes | For rent roll & expenses, please 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
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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