1235 Nelson Street, Vancouver

1235 Nelson Street | Vancouver, BC

For Sale, Price Reduced

The Opportunity

The subject property is located in the heart of The West End of Vancouver. The award winning West End Community Plan will reinvigorate the already vibrant neighbourhood adding to the overall value of the area. Large scale developers such as Westbank, Bosa, and Marcon have already initiated development plans, generating more excitement for the area as more housing, and an increase in commercial and non-commercial amenities erupts.

The subject property is situated on a large 17,292 SF lot. The apartment has 42 suites, which are all improved with granite counter tops in the kitchens and bathrooms. Oak hardwood floors, ornamental fireplaces, and high ceilings add to the character of this unique building. There is great potential for rental increases as many of the tenants are paying below average rental rates for the area. In addition, the property is held in bare trust, meaning that buyers have the potential to save significantly by avoiding property transfer tax.

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The Suite Mix

	# of Units	Average Size
1-Bedroom	8	-
1-Bed + Office	8
1-Bed + Den	9	-
2-Bedroom	17	-
Total	42	-

The Key Details

New Price	$22,800,000
Lot Size	17,292 SF (132’ x 131’)
Assessed Value (2022)	$22,011,000
Year Built	1931
Property Taxes (2022)	$60,198 Suite
Zoning	RM-5B
Parking	13 open spaces

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No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.