Property Overview

  • Status
  • Address
    The McLean
    1725 McLean Drive
    Vancouver, BC
  • Neighbourhood
  • # of Units
  • # of Storeys
  • Year Built
  • PID
  • Lot Size
    5,693 SQFT
  • Zoning
  • Price
    Please Contact Listing Agents
  • SOLD

    An excellent opportunity to acquire 100% freehold interest in “The McLean” apartments located at 1725 McLean Drive in the trendy Grandview-Woodland neighbourhood of East Vancouver. The Property is improved with six (6) large two-bedroom units and is situated on a 5,693 sf corner lot with frontage on McLean Drive and 1st Avenue. The offering presents investors secure and stable cash flow, significant revenue upside, and future assembly and redevelopment potential.


    • Strategically located on the southwest corner of East 1st Avenue and McLean Drive in the Grandview-Woodland neighbourhood
    • Three (3) blocks west of the trendy Commercial Drive retail node and one (1) block east of the arterial Clark Drive
    • Quick 10 minute bike or drive to Downtown Vancouver via the Dunsmuir Viaduct or Terminal Avenue
    • 7 minute drive east to Hwy. 1 along East 1st Street

    Investment Highlights

    • Prominent location in one of the most sought after and growing residential neighbourhoods in Vancouver for multifamily tenants and investors
    • High visibility and excellent curb appeal to passers-by on East 1st Avenue
    • Exceptional Walk Score; 94 /100
    • Several recent building upgrades mitigate necessary capital expenditure on the horizon
    • Property can be easily be self-managed
    • Significant revenue upside and yield growth to be realized upon tenant turnover, and to an even greater degree with further rental unit modernization
    • Very low vacancy rate (0.60%, CMHC Fall 2015) provides investors with secure and stable cashflow
    • Future assembly and redevelopment potential within the recently adopted Grandview-Woodland OCP (July, 2016)


    David Venance
    Executive Vice President

    David Venance

    Property Location