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.

A 32-suite apartment building in North Vancouver’s Central Lonsdale neighbourhood has changed hands, with 1240 St. George Avenue — known as the Harvard Apartments — selling for $12,250,000.

The three-storey, wood-frame walk-up was built in 1970 and sits on an 18,077-square-foot corner lot with frontage on both St. George Avenue and East 13th Street, directly across from Lions Gate Hospital. The suite mix includes 10 bachelor units, 14 one-bedroom units, and 8 two-bedroom units, with underground parking and balconies. The property is zoned RM-1 for medium-density apartment residential use.

Deal snapshot:

• Sale price: $12,250,000
• Price per unit: $382,813
• Cap rate: 4.0%
• Building size: 32 units (10 bachelor, 14 one-bedroom, 8 two-bedroom)
• Lot size: 18,077 SF

Cushman Wakefield listed and sold the property.

View the original listing

SALE SUMMARY

• Sale Price: $10,650,000
• Price Per Unit: $355,000
• Building Size: 30 units (13 bachelor, 14 one-bedroom, 3 two-bedroom)
• Lot Size: 12,981 SF

A 30-unit apartment building at 1025 Chilco Street in Vancouver’s West End has traded hands for $10,650,000, working out to $355,000 per unit. The three-storey, wood-frame walk-up was built in 1952 and sits on a 12,980.88 SF corner lot with frontage on both Chilco and Nelson Streets.

The building was originally brought to market by Marcus & Millichap at an asking price of $12,300,000, meaning the completed sale represents a discount of roughly 13% off the initial ask. Brandan Price of Rennie represented the Purchaser.

Zoned RM-5B (Multiple Dwelling) and located within the West End’s Low-Rise Residential land use designation, the site offers a mix of bachelor and one-bedroom suites with limited on-site parking (10 individual garage doors). The West End remains one of Vancouver’s most consistently active apartment submarkets, and this transaction adds another data point to the borough’s ongoing turnover of older rental stock.

Sale Price: $48,000,000
Price per Unit: $842,105
Cap Rate: 4.7%
Building Size: 75,120 SF (57 units, average 1,318 SF)
Lot Size: 9.44 acres

Known as Twin Lakes Estates, the property spans seven two-storey, wood-frame buildings originally constructed in 1971. The unit mix is exclusively family-sized, with 13 two-bedroom suites averaging 1,050 sq. ft. and 44 three-bedroom suites averaging 1,350 sq. ft. Each unit includes in-suite laundry, a fireplace, and 2.5 bathrooms, and the site offers 117 outdoor parking stalls — roughly half covered by carports.

The vendor, a joint venture between KingSett Capital and Starlight Investments (through IMH Twin Lakes Apartment Ltd.), had acquired the asset in April 2022 for total consideration of $52,500,000, or $921,053 per unit. Since then, the ownership group invested over $1.5 million in capital upgrades — approximately $918,000 renovating 45 of the 57 townhomes (79% of the portfolio) and roughly $646,000 on exterior common area, structural, and mechanical improvements.

Despite that repositioning spend, the current sale price per unit came in below the 2022 acquisition basis, underscoring the cap rate expansion that’s worked through Metro Vancouver’s institutional multifamily market over the past several years. The deal closed with Manulife Financial identified as purchaser.

At $842,105 per unit, Twin Lakes priced well above the broader North Vancouver apartment average of roughly $465,000 per unit — a premium attributable to the property’s low-density, garden-style townhouse format, its 9.44 acres of RM-5-zoned land, and an unusually stable, family-oriented tenant base that’s supported strong long-term occupancy.

JLL listed and sold the property: https://invest.jll.com/ca/en/listings/living-multi-housing/twin-lakes-townhomes-north-vancouver

A 21-unit low-rise apartment building in Marpole has sold for $5,439,000, reflecting $259,000 per unit and a 4.5% capitalization rate. The property at 8665 Osler Street transacted as a share sale in June 2026.

The building is a three-storey wood-frame structure built in 1962, comprising six bachelor units, 11 one-bedroom units, and four two-bedroom units across approximately 19,400 SF of rentable area. The property sits on a 13,811 SF lot with 99 feet of frontage on Osler Street and includes surface and covered parking for 13 vehicles. The building was well-maintained by the vendor, with 19 of 21 suites upgraded and a series of capital improvements completed in recent years including a full re-pipe (2017), new TPO roof (2011), double-glazed windows (2015), and a new IBC boiler for hydronic heat (2023).

The property is located approximately one kilometre from Marine Drive Canada Line SkyTrain Station. A listing brochure is available online.

DETAILS:

• Sale price: $5,439,000
• Price per unit: $259,000
• Cap rate: 4.5%
• Building size: 19,400 SF
• Lot size: 13,811 SF

Casey Weeks and Morgan Iannone represented the Seller in the transaction. Avison Young represented the Buyer.