Vancouver
985 Broughton
Multi-Family Commercial
Property Type
$3,300,000
Price
- Area in Sqft 2,882
 - Lot in Sqft 2,882 SF
 - PID 005-096-316
 - Zoning RM-5 - Multiple Dwelling
 - Year Built 1908
 - Number of Apartment Units 15
 
About the Property
15-Unit Rental Building in the prestigious West End
Dan Chatfield and Trevor Buchan are pleased to present the opportunity to acquire 985 Broughton Street, (the “Property”), a 15-unit rental building, prominently located in Vancouver’s world-renowned West End neighbourhood.
Investment Highlights
- West End apartment building at $220,000 per unit
 - Ability to maximize per SF rental rates due to small format units
 - Located within immediate walking distance to parks, schools, community facilities, and a diverse range of commercial amenities
 - Significant opportunity to substantially increase cash flow through tenant turnover and value-add renovations
 - Close proximity to the iconic 400-hectare Stanley Park, offering scenic views of the ocean, mountains, and forested trails along the renowned seawall
 
                
                    Improvements
985 Broughton Street is a charming two-and-a-half-storey, 15-unit rental apartment complex located in Vancouver’s vibrant West End. Originally constructed in 1908, the Property blends historic character with exceptional access to both modern conveniences and world-renowned natural amenities. The building comprises 15 rental suites, including nine bachelor units that share access to three common washrooms, three self-contained bachelor units, and three one-bedroom suites. Interior finishes feature hardwood flooring throughout the living spaces and linoleum tile in both private and shared bathrooms. Wainscoting on the ceilings and walls enhances the vintage aesthetic, giving each suite a distinctive character and supporting strong rent per square foot.
Residents benefit from a dedicated on-site laundry room equipped with one washer and dryer, owned by the building and generating additional income. A secure bike storage facility is also available to all tenants, encouraging efficient use of suite space and providing easy access to the bike-friendly neighbourhood. The building is heated via a Comfort Cire forced-air furnace installed in 2006, while hot water is supplied through a 50-gallon tank replaced in 2021. The roof is composed of two sections—an asphalt shingle portion and a two-ply torch-on membrane—both of which were replaced in 2020, ensuring ongoing durability and minimal near-term capital requirements.