- For Sale $19,250,000
- Property Type Other
- Property Size 17,292 SF
- Units 49
- Date Updated Oct 12, 2026
Description
The Avison Young Multi-Family Team is pleased to present the opportunity to acquire Park Strand Apartments, located at 1999 Nelson Street in Vancouver’s highly desirable West End neighbourhood. Park Strand is a well-maintained, 49-unit rental apartment building situated on a 17,292 sf site, offering favourable scale and a desirable suite mix predominantly comprised of one-bedroom units.
The Property has benefited from ongoing capital investment and offers rental upside through unit turnover and mark-to-market rent adjustments. Ideally positioned west of Denman Street and within walking distance of Stanley Park, English Bay and the West End’s extensive amenities, Park Strand combines stable in-place income with long-term rental upside in one of Vancouver’s most established rental neighbourhoods.
Highlights
- CAPITAL IMPROVEMENTS: Well-maintained Property that has benefited from investment in major building systems and improvements
- DESIRABLE SUITE MIX: Predominantly one-bedroom units, with limited bachelor exposure and three larger two-bedroom units plus a large penthouse unit
- FAVOURABLE SCALE: 49-unit rental building offering meaningful scale in Vancouvers West End
- HELD IN A BARE TRUST: Potential for property transfer tax savings
- IRREPLACEABLE WEST END LOCATION: Situated west of Denman Street in an established, supply-constrained rental neighbourhood
- RENTAL UPSIDE: Opportunity to drive income growth through unit turnover and mark-to-market rent adjustments
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