Rare opportunity to acquire a one-third (33.33%) fractional interest in one of the West End’s most sought after addresses. Pacific Surf Apartments is a 22-storey concrete high-rise located opposite the Sunset Beach waterfront in Vancouver’s renowned West End neighbourhood. Built in 1966, the building has been meticulously maintained and offers unobstructed views over English Bay.
The building features 119 suites, the majority of which are bachelor and one-bedrooms. Situated on a 28,165 SF site with 215 feet of frontage on Pacific Street, the property offers 102 parking stalls (40 surface and 62 underground) along with 5 motorcycle stalls. Amenities include a swimming pool with sauna and fitness facilities, tenant lockers (119) and bicycle storage.
Extensive upgrades have been completed on the building over the years, including:
- Roof replacements (2018)
- Exterior paint & resealing (2017)
- Plumbing (2015/2016)
- New double-glazed windows (2013)
- Renovated common areas & lobby (2011)
- Elevator modernization (2010)
- New modern gas-fired boilers (2003)
- On-going renovation program upon turnover, with over 20% of suites being fully renovated to date.
Pacific Surf Apartments is located in the highly desirable West End neighbourhood of Downtown Vancouver. Ideally positioned on the north side of Pacific Street just steps to the Seawall and Sunset Beach, while also offering the convenience and amenities of the downtown core. The property is situated three blocks south of Davie Street and two blocks west of Burrard Street, providing access to public transit, shopping and restaurants.
|No. units||Average size||Average rent|
|Jr 1-bedroom||No. units40||Average size430 SF||Average rent $1,298|
|1-bedroom||No. units40||Average size610 SF||Average rent $1,621|
|1-bedroom large||No. units32||Average size669 SF||Average rent $1,830|
|2-bedroom||No. units5||Average size1,040 SF||Average rent $2,454|
|2-bedroom PH||No. units2||Average size 1,165 SF||Average rent $3,077|
|Income and expenses|
Net operating income
For the more 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.