Property Overview

  • Status
    Sold
  • Deal Status
    SOLD
  • Address
    The Lex
    1249 Granville Street
    Vancouver, BC
  • Neighbourhood
    Granville Island
  • # of Units
    47
  • # of Storeys
    6
  • Year Built
    2003
  • Lot Size
    9,000 SQFT
  • Zoning
    DD (Downtown District)
  • Price
    Please Contact Listing Agents
  • The Opportunity

    Cushman & Wakefield ULC is pleased to present an opportunity to acquire The Lex at 1249 Granville Street, Vancouver, BC.

    Located on a 9,000 square foot lot, the building has 28,439 square feet of strata titled residential and commercial units. The Lex is successfully operated as a rental building, while providing for opportunistic individual suite sales at any time in the future.

    Location Highlights

    With an exceptional walk score of 99 “Walker’s Paradise”, The Lex is surrounded by amenities including the shops, bars, and restaurants of Granville Street’s “Entertainment District”. Nearby local attractions include English Bay, Granville Island and False Creek. Convenient access to buses and SkyTrain makes it easy to commute to and from the city core.

    Investment Highlights

    • 45 strata titled Residential suites above and 2 commercial tenancies (Subway Restaurant and Minoko Nail Studio)
    • Amenities include bike storage, storage lockers, fitness facility and managers office in an upgraded lobby area
    • Parking: 23 secured under building stalls and 3 rear surface stalls
    • In suite laundry & storage
    • Newer vinyl plank flooring in many of the suites
    • Stainless Steel appliances
    • Asset professionally managed by Bentall Green Oak
    • Approximately 75 feet of frontage on vibrant Granville Street
    • Average rents are under market at $3.39 per square foot and $1,965 per suite
    Don Duncan
    Senior Vice President

    Don Duncan

    David Venance
    Executive Vice President

    David Venance

    Property Location