Overview
Own the crown jewel of the West End! Beaconsfield is an exceptionally well-maintained 38-suite five-storey rental apartment building featuring massive units (95% are two-bedrooms or more), located steps from Robson Street in Vancouver’s West End neighbourhood.
Constructed in 1910, this Heritage A building was one of the first large apartment blocks to be built in the West End, heralding a new type of urban lifestyle and higher density in the area. Large verandahs, twin Arts and Crafts wooden balconies, each in a four-storey bay and some with separate entrances, were an added amenity that was seldom used at this time and unique to the city.
It features many of the original architectural details including hardwood and tile flooring, over height ceilings, stain glass widows, large bay windows, and a beautiful brick façade. Many suites have large weather protected balconies, fireplaces and claw-foot tubs.
The building is situated on a 66’ x 131’ (8,646 SF) RM-5B zoned lot on the southeast corner of Bute and Haro Street. The suite mix is comprised of primarily larger units including 2 one-bedrooms, 8 two-bedrooms, 26 two-bedroom + dens, and 2 three-bedroom + dens. There is potential to add a bachelor suite on the ground floor level.
The property has an elevator, bike storage, surface parking, and 3 sets of washers and dryers. Renovations over the years include a complete re-piping (except boiler room), sprinklers installed throughout the building and inside suites, and electrical upgrades as needed.
Location
884 Bute Street is extraordinarily well located on the southeast corner of Bute and Haro Street. In this section of the West End, Bute Street has been pedestrianized, creating a quiet park-like setting immediately adjacent to the building.
Robson Street, Vancouver’s pre-eminent high-end shopping destination with its wide variety of shops, hotels, bars and restaurants, is 1 block away, and the Downtown business district is only a five-minute walk.
Nelson Park is located just two-blocks south, while the property is also within a short walk of the sunny beaches of English Bay and the lush greenery of the world famous thousand-acre Stanley Park.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
1 bedroom | No. units2 | Average size493 SF | Average rent$1,300 |
2 bedroom | No. units8 | Average size616 SF | Average rent$2,286 |
2 bedroom + den | No. units26 | Average size789 SF | Average rent$2,336 |
3 bedroom + den | No. units2 | Average size870 SF | Average rent$2,893 |
Financials
Financing | Treat as clear title | |
---|---|---|
Assessment 2024 | Land Building Total | Land$6,743,000 Building$15,701,000 Total$22,444,000 |
Taxes 2024 | $69,246 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,088,005 Vacancy(5,440) Effective gross$1,082,565 Operating expenses(337,296) Net operating income$745,269 |
Notes | For additional information, please contact 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.
Contact
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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Contact
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