Overview
Goodman Commercial is pleased to present the opportunity to acquire Clark Park, a newly constructed 51-unit apartment building located in the highly desirable Kensington-Cedar Cottage neighbourhood of East Vancouver.
Developed by Conwest in 2017, the property is situated on a 17,702 sq. ft. CD-1 zoned lot (108′ x 165′) and comprises 31,225 sq. ft. of net rentable area. The suite mix includes 1 studio, 32 one-bedrooms, and 18 two-bedrooms, with eight ground-floor suites featuring private entrances.
All residences are thoughtfully designed with high-quality modern finishes, including dishwashers and in-suite laundry. Generous balconies are featured on the top floor and corner units. Tenants benefit from an indoor amenity room and two shared outdoor amenity spaces that offer impressive mountain views. Additional features include 25 secure parking stalls, 38 storage lockers (12 large and 26 small), and ample bicycle storage
Building Highlights
- Newly constructed in 2017.
- Secure entry with intercom system.
- Full sprinkler system with shut-off valves on each floor.
- Efficient gas boiler system with two hot water tanks.
- Comprehensive security system with 9 cameras installed throughout the building.
- Private community garden for residents.
- In-suite dishwashers and laundry in all units.
- 25 secure parking stalls, including 2 accessible stalls.
- 38 storage lockers (12 large and 26 small).
- One spacious elevator serving all levels.
Location
Clark Park Apartments is located on the southeast corner of Knight Street and East 15th Avenue in Vancouver’s Cedar Cottage neighbourhood, directly across from Clark Park. This highly walkable location offers convenient access to shops, dining, schools, and parks, along with excellent transit connectivity via Commercial–Broadway Station.
The property sits steps from Commercial Drive, one of Vancouver’s most vibrant cultural corridors, known for its eclectic mix of boutique shops, cafés, restaurants, and everyday amenities. Additional conveniences are available along nearby Kingsway, while John Hendry Park (Trout Lake) is within easy walking distance, offering expansive green space and recreational opportunities. The area is well served by local schools, including St. Joseph’s School, Tyee Elementary, and Gladstone Secondary.
Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| Studio | No. units1 | Average size411 SF | Average rent$1,850 |
| One bedroom | No. units32 | Average size553 SF | Average rent$2,091 |
| Two bedroom | No. units18 | Average size729 SF | Average rent$2,534 |
Financials
| Financing | Treat as clear title | |
|---|---|---|
| Assessment 2026 | Land Building Total | Land$3,890,000 Building$21,001,000 Total$24,891,000 |
| Taxes 2025 | $72,186 | |
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,566,012 Vacancy(15,660) Effective gross$1,550,352 Operating expenses(328,355) Net operating income$1,221,997 |
| Notes | For a rent roll and expense statement, 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
Megan Johal
Personal Real Estate Corporation
megan@goodmanreport.com
(604) 537 8082
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) 537 8082
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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