Multi-Family
2215 Nanaimo Street
2215 Nanaimo St, Vancouver, BC V5N 5E1
Listing Price: Request For Offer
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap (“M&M”) is pleased to present the opportunity to develop a permit ready, boutique mixed use market rental project along a well established East Vancouver arterial. Located at 2215–2225 Nanaimo Street, the site is well suited for an intimate scale urban development that combines efficient residential rental units with neighbourhood serving commercial space at grade.
This right sized development format offers an attractive and lower risk entry point into Vancouver’s rental market, while avoiding the capital intensity, complexity, and execution risk commonly associated with larger scale projects. The mixed use configuration enhances long term asset durability through diversified income streams and reinforces the project’s integration within the surrounding neighbourhood fabric.
The Nanaimo Street corridor benefits from consistent local housing demand, strong transit connectivity, and proximity to employment nodes, retail, and community amenities. This opportunity is ideally suited for experienced small to mid scale developers or long term holders seeking predictable cash flow, durable rental exposure, and a clear path to value creation in a high barrier urban market.
2215 Nanaimo Street
Investment Highlights
- Low risk entry into Vancouver's rental market with a fully assembled site advancing toward final Development Permit approval, positioning the project for near term construction commencement.
- Purpose designed mixed use project comprising 24 efficiently planned residential rental units, including 8 two bedroom, 4 one bedroom, and 12 studio suites
- Proposed under the current C2 zoning as secured market rental, with no below market or subsidized housing obligations, preserving long term income flexibility.
- Located along Nanaimo Street, a long established arterial undergoing reinvestment and repositioning as a key rental corridor within East Vancouver.
- No underground parking required, materially reducing construction complexity and capital costs while aligning with transit oriented development principles.
- Attractive and efficient amenity offering including 40 secure bicycle stalls, 29 storage lockers, elevator access, a 785 sf indoor amenity room, and a communal rooftop deck, enhancing tenant appeal without excessive build costs.
- Walking distance to the Commercial–Broadway SkyTrain Station, with immediate access to neighbourhood retail, dining, and services, and convenient connectivity to Downtown Vancouver.
- Priced on a base density assumption, the site offers a clear and executable development scenario with potential policy driven density upside for buyers willing to pursue discretionary approvals, providing optionality without underwriting dependency.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Low risk entry into Vancouver's rental market with a fully assembled site advancing toward final Development Permit approval, positioning the project for near term construction commencement.
- Purpose designed mixed use project comprising 24 efficiently planned residential rental units, including 8 two bedroom, 4 one bedroom, and 12 studio suites
- Proposed under the current C2 zoning as secured market rental, with no below market or subsidized housing obligations, preserving long term income flexibility.
- Located along Nanaimo Street, a long established arterial undergoing reinvestment and repositioning as a key rental corridor within East Vancouver.
- No underground parking required, materially reducing construction complexity and capital costs while aligning with transit oriented development principles.
- Attractive and efficient amenity offering including 40 secure bicycle stalls, 29 storage lockers, elevator access, a 785 sf indoor amenity room, and a communal rooftop deck, enhancing tenant appeal without excessive build costs.
- Walking distance to the Commercial–Broadway SkyTrain Station, with immediate access to neighbourhood retail, dining, and services, and convenient connectivity to Downtown Vancouver.
- Priced on a base density assumption, the site offers a clear and executable development scenario with potential policy driven density upside for buyers willing to pursue discretionary approvals, providing optionality without underwriting dependency.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap (“M&M”) is pleased to present the opportunity to develop a permit ready, boutique mixed use market rental project along a well established East Vancouver arterial. Located at 2215–2225 Nanaimo Street, the site is well suited for an intimate scale urban development that combines efficient residential rental units with neighbourhood serving commercial space at grade. This right sized development format offers an attractive and lower risk entry point into Vancouver’s rental market, while avoiding the capital intensity, complexity, and execution risk commonly associated with larger scale projects. The mixed use configuration enhances long term asset durability through diversified income streams and reinforces the project’s integration within the surrounding neighbourhood fabric. The Nanaimo Street corridor benefits from consistent local housing demand, strong transit connectivity, and proximity to employment nodes, retail, and community amenities. This opportunity is ideally suited for experienced small to mid scale developers or long term holders seeking predictable cash flow, durable rental exposure, and a clear path to value creation in a high barrier urban market.
Exclusively Listed By
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