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$6,200,000
Est. payment /mo
9,473 SqFt
UPDATED:
02/19/2025 08:20 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,473 sqft
Price per Sqft $654
Subdivision Fairview Vw
MLS Listing ID C8066791
Annual Tax Amount $11,677
Tax Year 2024
Property Description
Rare and unique opportunity to own a piece of Vancouver's history in the Penrhyn Lodge (the “Property”). Having been built early in the 20th century, the Property exudes timeless character and charm, showcased by vintage stained glass windows, coffered ceilings, and original hardwood fir floors. The building has, however, undergone many updates over the years, and in its current form features 20 rental units ranging from micro units that share a communal washroom, to selfcontained bachelor suites, one bedroom lofts, and a grand two bedroom unit. There are also two coach houses off the laneway. Nestled in the heart of Vancouver's coveted South Granville neighbourhood the Property is surrounded by world class dining and shopping. The future South Granville Broadway Subway Station will be a short 9 minute walk for tenants commuting to UBC and downtown. Penrhyn Lodge offers investors secure and stable cash-flow with continued rent growth underpinned by future redevelopment potential under the Broadway Plan.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Multi-Family Commercial
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Listed by Marcus & Millichap
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Zomorodian Real Estate Group
Team Leader | License ID: V99000
Team Leader License ID: V99000