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165 W Pender Street
Downtown VW Vancouver V6B 1S4

$10,750,000
Multi-Family Commercial, Retail

View of apartment building / complex featuring a mountain view and a city view
Photo 1: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
Photo 2: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
Photo 3: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8073628
165 W Pender presents a rare opportunity to acquire the Avalon Hotel, offering 87 residential units above approx. 8,400 SF of retail space. Ideally located between Cambie and Abbott Streets in Vancouver’s vibrant Victory Square/Crosstown district, the property benefits from exceptional walkability, SkyTrain access, and proximity to Gastown’s amenities. The residential floors feature elevator service, front desk concierge, and full fire and life safety compliance. The retail is partially leased with additional square footage for immediate value-add potential. With stable residential income and retail opportunities, the Avalon is well positioned for investors seeking cash flow and long-term upside in one of Vancouver’s most dynamic urban neighbourhoods.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Multi Family
Construction:
Brick/Masonry, Frame Wood
# of Apartments:
87
Year built:
1909 (Age: 116)
Living Area:
25,600 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
75'
Retail Size:
8,400 sq. ft.
Lot Area:
9,147.6 sq. ft.
Zoning:
Potential to Redevelop:
Redevelopment possibilities as outlined in the DTES OCP., No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Parcel Number:
010401113
Taxes:
$58,709 / 2025
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Redevelopment possibilities as outlined in the DTES OCP., No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
    View of apartment building / complex featuring a mountain view and a city view
  • Photo 2: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
    View of city
  • Photo 3: 165 W Pender Street in Vancouver: Downtown VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8073628
    Aerial view
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated November 6, 2025 at 08:35 PM (UTC)
JOE BHANGO PERSONAL REAL ESTATE CORPORATION
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