For Sale: 16-suite Grandview-Woodland apartment building
Mark Goodman
Most Influential Real Estate Leader in BC (Storeys) • Principal Broker at Goodman Commercial Inc. • Publisher of Goodman Report • Expert in Apartment Building, Development Land & Investment Property Sales
Eton Apartments
2231 Eton Street, Vancouver
16 suites
Asking $5,850,000
Eton Apartments is a well maintained and extensively updated 3-storey wood-frame rental apartment building comprising 16 suites. Constructed in 1967, the building is improved on a 10,858 SF lot in Vancouver’s Grandview neighbourhood. The property features balconies/patios, in-suite dishwashers, surface parking, storage lockers and great views of Burrard Inlet and the North Shore Mountains.
Due to the property’s inclusion in the Grandview-Woodland Community Plan, there is a future development opportunity (allows for a rental apartment building up to 6 storeys and a density up to 2.4 FSR).
Highlights
- Totally renovated (in 2008) wood-frame three-storey apartment building featuring 16 suites
- Fenced back yard with rear covered and open surface parking (11 stalls)
- Great views from five suites of Vancouver Harbour and North Shore Mountains
- Suites feature contemporary open design with refinished hardwood floors or carpets
- Professionally landscaped with manicured lawns, bushes, flowers and trees
- Beautiful entrance way with tile and cultured stone
- Two washer/dryer sets, dishwashers (all units except #103), storage lockers & bike storage room
- Balconies/patios for all suites
- Stage 1 Environmental Report available
- Buyer has opportunity to buy the shares of the company holding title and save PTT
- Significant upside on rents
LOCATION
Eton Apartments is located in the northern most section of East Vancouver’s trendy Grandview-Woodland neighborhood, a block away from Vancouver Harbour, and only minutes to Downtown Vancouver, the Trans-Canada Highway and the North Shore.
The property is within walking distance to the ever-changing East Hastings Corridor, which offers direct bus access to UBC, SFU, the Canada Line, Expo Line and Millennium Line. The area is being rejuvenated with numerous planned mixed-use developments comprising a complementary mix of residential, retail, shops and services. The property is also conveniently located just a few blocks from Commercial Drive with an eclectic mix of restaurants, specialty shops & services, grocery and many other tenant friendly amenities. Other notable location highlights include PNE/ Playland, Hastings Racetrack and Pacific Coliseum.
For more details on the site, visit our website www.goodmanreport.com
(View from 3rd floor of Eton Apartments)