A 10-suite apartment building at 1176 West 11th Avenue in Vancouver’s Fairview neighbourhood has sold for $2,895,000.
The property is a two-storey, plus basement, walk-up apartment building with no elevator or balconies and five surface parking stalls. It sits on a 50-foot by 125-foot lot, a good-sized site for the area. The building was sold fee simple with 100% of the interest transferred.
Sale details
- Sale price: $2,895,000
- Price per unit: $289,500
- Lot size: 6,229 SF
The sale completed on August 31, 2026, and was brokered by Colliers’ Morgan Iannone and Casey Weeks.
What the buyer is really buying
At $289,500 per suite, the price reflects an older low-rise building, but the land underneath is the bigger story. The site falls within the Broadway Plan’s rezoning-eligible areas, where the Fairview South mid- to high-rise residential designation enables rezonings. The marketing materials outlined potential for up to 20 storeys and roughly 40,625 SF of multi-family space at a 6.5 FSR. On those numbers, the sale price works out to about $71 per buildable SF before accounting for the existing improvements.
For a purchaser, that creates two options. The building can be held and operated for its income in the near term, with upside as suites turn over and rents are reset. Or it can be positioned for redevelopment as the Broadway corridor continues to intensify. The site is also close to the Broadway Subway extension, with the future Oak Street station within a short walk, which supports long-term demand for both rental housing and new strata or rental development.
Why it matters for the Westside
Small, older walk-ups on high-density-designated lots remain one of the more active niches in Vancouver’s multifamily market. They sell on a blend of in-place income and land value, and as the Broadway Plan matures, buyers are increasingly pricing in the development potential. Sales like this one give owners of similar buildings along the corridor a useful current benchmark.
If you own an apartment building in Fairview, Mount Pleasant or elsewhere along the Broadway corridor and would like an opinion of current market value, I’d be happy to help.
Own an apartment building in Metro Vancouver? I can provide a confidential opinion of current market value. — David Taylor, Colliers · 604-761-7044
David Taylor, Colliers — Active Listings & Recent Sales
View all →
