1235 Nelson Street, Vancouver

1235 Nelson Street | Vancouver, BC

1235 Nelson Street Sold Pending Completion

The Opportunity

The subject property is located in the heart of The West End of Vancouver. The award winning West End Community Plan will reinvigorate the already vibrant neighbourhood adding to the overall value of the area. Large scale developers such as Westbank, Bosa, and Marcon have already initiated development plans, generating more excitement for the area as more housing, and an increase in commercial and non-commercial amenities erupts.

The subject property is situated on a large 17,292 SF lot. The apartment has 42 suites, which are all improved with granite counter tops in the kitchens and bathrooms. Oak hardwood floors, ornamental fireplaces, and high ceilings add to the character of this unique building. There is great potential for rental increases as many of the tenants are paying below average rental rates for the area.

Building Features

  • Potential to add additional suites
  • New torch-on roof replaced in 2005
  • Domestic water lines replaced
  • High efficiency Viessmann boiler and hot water tanks

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The Suite Mix

# of Units Average Size
1-Bed7-
1-Bed + Office8-
1-Bed + Den10-
2-Bed17-
Total42

The Key Details

New Price$19,980,000
Lot Size17,292 SF (132’ x 131’)
Year Built1931
Property Taxes (2023)$62,961
ZoningRM-5B
Cap Rate3.7%

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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