Wesley Place
1022 Nelson Street

SOLD

Cushman & Wakefield ULC is pleased to present an opportunity to acquire Wesley Place (the “Property”), a 199-suite high-rise apartment building, located in the centre of Downtown Vancouver.

Wesley Place is a 22-storey apartment building that is comprised of 199 apartment and townhouse rental units, with a 17,700 square foot commercial podium. Opened in 2002, the Property features a contemporary exterior and condominium-style in-suite finishes. The Property is 100 percent occupied and features a stabilized annual net operating income of $3.45 million.

Located in the geographic centre of Vancouver’s downtown peninsula, near the intersection of Nelson Street and Burrard Street, Wesley Place offers exceptional walkability to some of Vancouver’s most vibrant neighbourhoods, including the Central Business District, Robson Street, Davie Village and Yaletown. Wesley Place also offers a mid to long-term redevelopment opportunity as the Property benefits from the location in the Burrard Corridor area of the West End Community Plan with additional height and density potential.