Be the first to take advantage of the new West End Community Plan!

1546 Nelson Street is an ideally located 6-unit apartment building that offers a stable and secure return for an investor or an owner-occupier. The rear portion of the property is now permitted for additional laneway residential space as part of the laneway housing policies in the forthcoming West End Community Plan. The asking price is $2,050,000.

Brochure: 1546 Nelson Brochure

Contact me for further info: david.taylor@colliers.com

The Wenonah Building, a heritage apartment building at East 11th Ave and Main Street has sold for $6,500,000 or $342,000 per unit. The building, built in 1913, also contains some retail on the ground floor. The lot size is 8,480 SF.

A revised rezoning application has been presented for Westbank and Ivanhoe Cambridge’s plan to rezone and redevelop the 28-acre Oakridge Centre property. This is expected to be the last round of formal open houses for the rezoning before the proposal heads to the Urban Design Panel and then on to Public Hearing.

Proposed changes from 2012 version:

Oakridge Height Changes

University Lodge Apartments, 5516 Dalhousie Road, an 11-unit apartment on the UBC Endowment lands has sold for $4,475,000, or $406,750 per unit. The cap rate was 4.5%. The 3-storey walkup apartment building was built in 1927. The building had been listed for sale for $5,068,000, or a 4% cap rate.

1952 Comox Street, a building known as “The Breakers” has sold to Hollyburn Properties for $16,350,000. The 10-storey, 61 unit building was built 1964.