Plaza 500: Truly One Of A Kind
Plaza 500 offers a rental living experience like no other. What was once an iconic hotel has now been transformed into a mixed-use commercial and residential building. The 17-storey high-rise residential tower was originally constructed in the mid-seventies and has since been rebuilt from the inside out. With 56,618 SF of rentable residential area, Plaza 500 consists of 118 existing units, and provides unparalleled and unobstructed panoramas of the city of Vancouver and North Shore mountains.
The 4-storey commercial podium offers 34,136 SF of rentable prime retail and office space, with a vacant second floor that presents an opportunity for further commercial or residential development, providing significant income growth potential.
Exceptional Amenities Inside & Out
Plaza 500 offers unique amenities including: full-time concierge services – 12 hours a day/7 days a week, pet-friendly floors, gated underground parking, secured bike lockers & storage lockers, a gym membership at Steve Nash Fitness World across the street, and excellent ground-level retail amenities consisting of Firefly Fine Wines & Ales and Yuk Yuk’s Comedy Club.
Beautifully Renovated Suites
The Property boasts 118 beautifully renovated suites that feature modern finishes, including: stainless steel appliances, quartz countertops, in-suite laundry, and balconies in every suite.
Strong Market Fundamentals
The lack of rental housing supply and increasing rental rates and home prices in Vancouver, combined with historically low vacancy rates, support long-term income growth for the Plaza 500 property.
|MUNICIPAL ADDRESS||500 W 12th Avenue
|YEAR FULLY REDEVELOPED||2016|
|SITE SIZE||35,860 SF|
|NET RENTABLE AREA||92,039 SF|
|NUMBER OF SUITES||118|
1 BR + DEN
|PARKING||140 underground (91 designated for residential) and 12 surface|
|STABILIZED NOI||Contact Agents For Details|
|EXISTING DENSITY||3.37x FSR|
|ZONING||CD-1 & C-2C|
|PRICING||Unpriced, contact agents for details|
Building & Suite Gallery