Clairmont & Georgian Apartments
1432 W 10th Ave & 2625 Hemlock St, Vancouver
$33,000,000

Overview
![]() | ![]() | |
| Building | Clairmont Apartments | Georgian Apartments |
| Address | 1432 West 10th Avenue | 2625 Hemlock Street |
| Year built | 1960 | 1927 |
| Lot size | 15,642 SF (125’ × 125’) | 12,505 SF (100’ × 125’) |
| Parking | 13 | 13 |
| Storeys | 3 + PH level | 3 |
| Units | 34 | 32 |
| Suite mix | 9-Bach; 19-1Br; 5-2Br; 1-3Br PH | 18-Bach; 14-1Br |
| Net rentable area | 20,153 SF | 17,835 SF |
An extraordinary opportunity to acquire two adjacent apartment buildings featuring 66 suites and 225 feet of contiguous frontage (100’ + 125’), located just one block from South Granville’s vibrant commercial corridor in Vancouver’s Westside.
Stretching from the southwest corner of Hemlock Street westward along West 10th Avenue, the combined 28,147 SF site occupies a key arterial position within the Broadway Plan area, offering strong potential for high-density redevelopment—potentially up to 20 storeys or more under current and evolving zoning frameworks.
The properties are well-maintained, fully leased, and provide a total of 37,988 SF of net rentable area.
Residents benefit from exceptional transit access: the site is a 2-minute walk to the future South Granville Station on the Millennium Line Broadway Subway extension (opening in 2027), while the 99 B-Line bus route is just steps away, connecting directly to major employment hubs, the downtown core, UBC, and beyond.

Broadway Corridor Plan
The properties are located within the Fairview South — Area A policy within the Broadway Plan, which supports densities up to 6.5 FSR (up to a maximum of 20 storeys) for purpose-built market rental and below market rental housing.
The Vendor has commissioned preliminary plans for a 26-storey, 259 single tower schematic with a podium, though the new owner would have full control to construct a development form of their choosing (subject to rezoning approval).

Location
Clairmont and Georgian Apartments are two side-by-side rental buildings located in Vancouver’s coveted Fairview neighbourhood on the southwest corner of Hemlock Street and 10th Avenue.
Positioned in a true walker’s paradise just one block east of Granville Street and the vibrant South Granville commercial corridor, residents have immediate access to boutique shopping, everyday conveniences, cafes, restaurants, art galleries, and nearby parks and green spaces—making this one of the city’s most desirable rental locations.
Major thoroughfares enhance connectivity: West Broadway and West 12th Avenue serve as key east-west arteries with direct bus routes to UBC, while Granville Street provides seamless north-south access to the downtown core and South Richmond (including YVR).
Fairview remains one of Vancouver’s most stable and sought-after Westside rental markets, drawing consistent demand from professionals and students alike. For investors, these buildings offer a prime central location, excellent transit and amenity access, and a deep, diversified tenant base—positioning them as strong long-term income properties backed by solid fundamentals for ongoing rental performance and significant future redevelopment potential.

Suite mix
| No. units | Average size | Average rent | |
|---|---|---|---|
| Bachelor | No. units10 | Average size371 SF | Average rent$1,458 |
| Studio | No. units17 | Average size484 SF | Average rent$1,676 |
| 1 bedroom | No. units33 | Average size635 SF | Average rent$1,839 |
| 2 bedroom | No. units5 | Average size820 SF | Average rent$2,422 |
| 3 bedroom (PH) | No. units1 | Average size1000 SF | Average rent$2,916 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2026 | Land Building Total | Land$11,280,000 Building$12,599,000 Total$23,879,000 |
| Taxes 2025 | $74,307 | |
| Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$1,452,676 Vacancy(7,263) Effective gross$1,445,413 Operating expenses(390,786) Net operating income$1,054,627 |
| Notes | For more information including rent rolls, 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
Gallery









































































