Contacts

Kevin Murray

Avison Young - Vancouver

Chris Wieser

Avison Young

Carey Buntain

Avison Young

Megan Low

Avison Young

Property Details

Property Type Other
Units 23
Date Updated Jun 5, 2026

The Avison Young Multi-Family Team is pleased to offer Aldon Apartments for sale, a well‑located rental building at 1742 Pendrell Street in Vancouver’s highly sought-after West End.

Positioned on an 8,646 square foot lot on the southside of Pendrell Street, the property features a 66-foot frontage and 131-foot depth. This rare value-add opportunity comprises 23 rental suites across three storeys, including a standout penthouse suite with potential to add a private rooftop terrace or shared rooftop amenity area.

This asset offers a compelling value‑add investment opportunity, thoughtfully priced to enable purchasers to unlock meaningful upside through modernization and operational improvements.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

Developed Neighbourhood - The property is neighbouring a brand new rental development and is surrounded by well kept assets, making it an ideal asset to improve for the long term
Due Diligence Reports - Vendor has completed a Phase I Environmental Report and Building Condition Report which will be available for review by prospective buyers
Premier West End Location - The property is located steps from the Seawall, English Bay, Stanley Park, and Denman Street, supporting long term tenant appeal and asset appreciation
Upside in Rents - The current rents remain well below market; turnover and targeted improvements offer a clear path to increased income and value
Vacant Units - There are currently 7 vacant units or 30% of the building, allowing for an immediate renovation program and lease up at market rents
Value-Add Potential - The property is positioned as a significant value add opportunity to improve the overall building and rental units