The Catalpa

Overview

The Catalpa is a well-maintained 15-suite, three-storey apartment building in Vancouver’s Fairview neighbourhood. Built in 1961 on a 6,250 SF (50’ × 125’) RM-3 zoned lot, the property comprises entirely spacious bachelor suites, each with a private balcony.

Approximately six suites have been renovated, including one extensively upgraded unit featuring in-suite laundry, a dishwasher, new flooring, and a modernized kitchen and bathroom.

Capital improvements include a new roof (2025), double-pane windows, a replacement boiler (2009), a new hot water tank (2021), and piping upgrades completed as required. Amenities consist of a shared laundry room with one leased washer and dryer set, plus five surface parking stalls at the rear of the property.

Buyers have the option to purchase shares of the company holding title to avoid Property Transfer Tax (PTT). A newly commissioned clean Stage 1 Environmental is on file.

Location

The Catalpa is located on a quiet, tree-lined street in Vancouver’s coveted Fairview neighbourhood. The property is one block from Granville Street and the vibrant South Granville commercial corridor, offering immediate access to boutique shopping, everyday conveniences, cafés, restaurants, art galleries, and nearby parks and green spaces that reinforce the area’s appeal as a highly desirable rental location.

Fairview is widely regarded as one of Vancouver’s most stable and sought-after Westside rental markets, with consistent demand from professionals and students. For investors, this prime central location, excellent transit and amenity access, and deep, diversified tenant base position the building as a compelling long-term income property – supported by strong fundamentals for ongoing rental performance and significant future redevelopment potential.