Eton Apartments

Overview

Eton Apartments is a meticulously maintained and thoroughly renovated 16-suite, three-storey wood-frame rental apartment building improved on a 10,858 square foot lot in Vancouver’s sought-after Grandview-Woodland neighbourhood.

Constructed in 1967 and fully renovated in 2008, this property boasts contemporary open-design suites with refinished hardwood floors or carpets, balconies/patios for all units, in-suite dishwashers (except #103), and stunning views of Burrard Inlet and the North Shore Mountains from five suites.

The building features a beautifully landscaped entrance with tile and cultured stone, a fenced backyard, 11 rear covered and open surface parking stalls, two washer/dryer sets, storage lockers, and a bike storage room. Professionally landscaped grounds with manicured lawns, bushes, flowers, and trees enhance the property’s appeal.

Included in the Grandview-Woodland Community Plan, the property offers a future development opportunity for a rental building up to 6 storeys with a density of up to 2.4 FSR. Additional highlights include a Stage 1 Environmental Report, the option to purchase shares of the company holding title to save on Property Transfer Tax (PTT), and significant upside potential on rents.

Renovation Summary (2008)

• Windows
  • A-1 Double glazed Vinyl windows and patio doors
  • 3mm annealed clear double glazing sealed units with Duraseal
  • Aluminum drip cap to window head
• Plumbing
  • Whole building repiped with Wirsbo, new 21/2” copper main
  • Supply from building entry, shut off valve to each suite
  • New Raypac WHI-260A-N domestic hot water boiler with John Wood Cst 19 recirc storage tank
  • New acrylic bathtubs with DensShield tile backing and new shower valve assemblies
  • New bathroom and kitchen sinks, fixtures and fittings
• Cabinets: All new European style cabinets, laminate doors and counter, tile backsplash
• Doors: New clear finished suite entry doors, fire doors
• Window Covering: 2” aluminum blinds
• Heating
  • New zone valves & thermostats to each suite, reconditioned existing boiler with new outside temperature override control
  • New transformers and thermo couple
  • New override device to shut down furnace based on outside temperature (set at 17 C)
• Decks
  • New 60 mil Vinyl Membrane and metal drip cap
  • New “Invisi Vent” vinyl soffit
• Electrical: New grounded outlets, light fixtures
• Stucco Paint: Glidden Elastomeric 20 year warranty
• Roof: Arbutus Roofing 15 year warrenty Siplast 2 ply SBS roofing 2007
• Washer/ Dryer: Four new (leased with Coinamatic)
• Entry: Cultured stone
• Fire Safety: Complete system service, carbon monoxide monitoring, new heat detectors and new fire alarm panel
• Appliances: All new appliances including dishwashers
• Flooring
  • All new commercial grade carpet and lino, refinished oak hardwood to some suites
  • New ceramic tile to entry foyer, painted baseboard

Location

Eton Apartments is situated in the northernmost part of East Vancouver’s vibrant Grandview-Woodland neighborhood, just one block from Vancouver Harbour and minutes from Downtown Vancouver, the Trans-Canada Highway, and the North Shore.

The property is steps from the evolving East Hastings Corridor, offering direct bus access to UBC, SFU, the Canada Line, Expo Line, and Millennium Line. This area is undergoing revitalization with numerous planned mixed-use developments featuring a diverse blend of residential, retail, shops, and services. Additionally, Eton Apartments is just blocks from Commercial Drive, known for its eclectic restaurants, specialty shops, grocery stores, and tenant-friendly amenities. Notable nearby attractions include PNE/Playland, Hastings Racetrack, and Pacific Coliseum.