Overview

Colliers is pleased to announce the sale of Martello Tower at 1011 Beach Avenue in Vancouver's West End. A prominent waterfront apartment building with unlocked development potential, this property’s location is second-to-none and boasts a huge value-add with significant development potential. Downtown Vancouver’s West End is the most desirable rental market in Western Canada given the neighbourhood’s amenities, accessibility, and panoramic views - a fantastic life-style oriented area of Downtown Vancouver.

  • Address Vancouver
  • Status Sold
  • Property Type Multifamily
  • Land Area43,163 SF
  • Building Area129,600 SF
  • Sold DateApril-2021

SOLD APRIL 2021

Features

  • Prime waterfront location in Vancouver’s West End / English Bay area
  • Meticulously well-maintained building
  • Irreplaceable tower height provides breathtaking views overlooking Kitsilano, English Bay and the Burrard Inlet
  • Outstanding potential to renovate units and further increase rental income
  • Potential to construct an 80-unit rental building on excess land
  • Extremely low supply of Downtown Vancouver rental product supports continuous low vacancy rates and growth in rental rates
  • Opportunity to build two additional buildings to the north and west sides of the lot comprising 70,041 SF and 80 units

Location

Address

1011 Beach Avenue – Martello Tower

Enquiry

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