975 W 10th Avenue is a 17-suite three-storey apartment building located in the Broadway Corridor Plan Study area, just steps to the future Oak – VGH Subway Station. It is situated three lots east of the northeast corner of Oak Street & W 10th Avenue, directly across from Vancouver General Hospital and steps to West Broadway.
Constructed in 1912 and improved on a 6,250 SF CD-1 (137) zoned lot, the building comprises a balanced suite mix of 5 bachelors, 6 one-bedrooms and 6 two-bedrooms. Other highlights include one set of owned washer & dryer, bike storage and lower-level storage areas that have the potential to be converted into an additional one-bedroom suite.
The property’s unique CD-1 (137) zoning permits multiple uses given its adjacency to the hospital. This includes apartment building and hospital related uses such as medical/dental office and laboratory facilities.
- Updated common areas include newer carpets, lighting, and paint (2019)
- 4 of the 17 suites have been recently renovated with updates to the bathroom fixtures, kitchen cabinets, countertops, and appliances.
- Two Viessman boilers & storage tanks
- Well-maintained original oak flooring throughout living spaces
- Building re-piped (2005)
- New torch-on roof (2017)
Broadway Corridor Plan Study Area
975 W 10th Avenue is situated in the Broadway Corridor Plan Study area, just steps to the future Oak – VGH Subway Station. The draft plan is anticipated to be presented to council in early 2022.
With respect to the subject property’s location, the emerging directions document indicates the following for the desired role of this area of the plan: Affirm Uptown as a key office location in the region and as Vancouver’s second downtown with “building heights of 6 to 20+ storeys for commercial development (e.g. office)”, and strengthen this role by providing opportunities for additional job space to leverage the rapid transit investment that serves the area.
More specially, the subject property falls under Area B of the plan which indicates the following: In Area B, support the expansion of VGH Campus and the BC Cancer Centre to meet long term institutional space needs and to provide improved walking connections and wayfinding, public open space, and services and amenities for the hospital precinct and larger Uptown area.
While the above provides direction of desired roles for the neighbourhood, the plan still awaits council’s final consideration and approval.
More can be found online at: https://shapeyourcity.ca/broadway-plan
Located just east of the northeast corner of Oak Street and West 10th Avenue in the South Granville neighbourhood of Vancouver, just off West Broadway and across from 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 Oak 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 within a short walking distance to the future Broadway Skytrain scheduled for completion in 2025.
|No. units||Average size||Average rent|
|Bachelor||No. units5||Average rent$1,273|
|1 bedroom||No. units6||Average rent$1,143|
|2 bedroom||No. units6||Average rent$1,156|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
Income also includes projection of potential 18th suite. Please contact listing agent for more information.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.