Alana Bertini, PREC, CCIM Associate Broker

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2464 W 1st Avenue
Kitsilano Vancouver V6K 1G6

$5,795,000
Multi-Family Commercial

View of building exterior
Photo 1: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 2: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 3: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 4: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 5: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 6: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 7: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 8: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 9: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 10: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 11: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 12: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 13: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 14: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 15: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 16: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 17: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 18: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 19: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 20: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 21: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 22: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 23: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 24: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 25: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 26: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 27: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Photo 28: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8071142
Build. Type:
Low Rise (2-4 storeys)
Kitsilano Beach 11 unit walk up apartment building including Penthouse, only 2 blocks from Kits Beach and Pool. Panoramic views of the beach, mountains and city from the upper units and the Penthouse. 5 units including the Penthouse are presently untenanted, allowing you to choose your own tenants at current market rents. Potential 4% + CAP rate. RM-4 zoning allows 3.1 - 3.5 FSR. This location is extremely desirable to renters and the ongoing expenses to you will be minimal. Well maintained. Units boast newer cabinets, double glazed vinyl windows (2012) with blinds, hardwood floors, modern fixtures and balconies. 4 parking spots off the back lane. Boiler replaced in 2010, Roof 2012, exterior paint 2023. Part of the rooftop is a shared deck for the tenants. Some of the units come furnished. One bedroom Penthouse with private deck (vacant), one bedroom and large den (vacant), three one bedrooms (vacant) and six one bedroom apartments rented. Earn a decent return now with huge potential in the future.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Name of Complex/Subdivision:
Villa Rena
Num Storeys:
4
Building Type:
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
# Bldgs:
1
# Units Total:
0
# Other Units:
0
# of Apartments:
11
# of Studio Apartments:
0
# of Penthouse Apartments:
1
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
10
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1957 (Age: 68)
Living Area:
7,500 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
50'
Lot Area:
6,098.4 sq. ft.
Zoning:
Potential to Redevelop:
possible to rebuild with increased density, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Natural Gas Connected
Sewer:
Public Sewer
Env Assmt Comment:
phase one environmental done 2012
Parcel Number:
009104356
Taxes:
$13,391.9 / 2025
Balconies, Laundry Facility
No
Common Water Heater
No
# Elevators:
0
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
possible to rebuild with increased density, No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    View of building exterior
  • Photo 2: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Aerial view of skyline and a water and mountain view
  • Photo 3: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Aerial view
  • Photo 4: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    View of property
  • Photo 5: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    101 is one and den, 601 is penthouse, 201 is typical
  • Photo 6: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Living area featuring wood finished floors
  • Photo 7: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    one and den
  • Photo 8: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Kitchen featuring white appliances, decorative backsplash, light countertops, and white cabinetry
  • Photo 9: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Bedroom featuring light wood finished floors and baseboards
  • Photo 10: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Living room with radiator and light wood-style floors
  • Photo 11: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Dining room featuring radiator and light wood-style flooring
  • Photo 12: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Bedroom featuring light wood finished floors and baseboards
  • Photo 13: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Kitchen featuring freestanding refrigerator, tasteful backsplash, range with electric cooktop, light
  • Photo 14: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    view from unit 201
  • Photo 15: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Wooden terrace with a water and mountain view
  • Photo 16: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Living room featuring wood finished floors and radiator heating unit
  • Photo 17: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Kitchen with white appliances, white cabinets, dark countertops, and light wood-type flooring
  • Photo 18: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Bedroom featuring wood finished floors and radiator heating unit
  • Photo 19: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Balcony featuring a water and mountain view
  • Photo 20: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Deck with a mountain view
  • Photo 21: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Photo 21 of 28
  • Photo 22: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Photo 22 of 28
  • Photo 23: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Boiler
  • Photo 24: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Utilities featuring electric meter and electric panel
  • Photo 25: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Shared laundry featuring washing machine and dryer and radiator
  • Photo 26: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Photo 26 of 28
  • Photo 27: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Photo 27 of 28
  • Photo 28: 2464 W 1st Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale in "Villa Rena" (Vancouver West)  : MLS®# C8071142
    Photo 28 of 28
Listed by Rennie & Associates Realty Ltd.
Data was last updated August 1, 2025 at 12:40 AM (UTC)