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.

  Property Summary

MUNICIPAL ADDRESS 500 W 12th Avenue
Vancouver, B.C.
YEAR CONSTRUCTED 1977
YEAR FULLY REDEVELOPED 2016
SITE SIZE 35,860 SF
NET RENTABLE AREA 92,039 SF

Residential

56,618 SF

Commercial

35,421 SF
OCCUPANCY 102/118 (86.4%)
NUMBER OF SUITES 118

BACHELOR

29

1 BR

87

1 BR + DEN

2
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