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PROPERTY TOURS NOW AVAILABLE BY APPOINTMENT. CONTACT AGENTS TO SCHEDULE. 
If you would like more detailed information about the Property, please contact the agents below. 
A high-rise multifamily redevelopment opportunity with existing holding income located in Vancouver’s West End.
  • 1045 Haro Street (the “Property” or the “Site”) is an excellent mixed-use residential redevelopment opportunity located in the heart of Downtown Vancouver.
  • The Site presents the opportunity to add significant residential scale to Vancouver’s West End, with existing preliminary plans for 500,000+ sq. ft. of gross buildable area, upon relaxation of view cone and shadowing restrictions, subject to obtaining approval for an application to the City of Vancouver Planning Department.
  • However, a more conservative proposal compliant with existing view cone restrictions has also been explored, which comprises two 21-storey towers with a four-storey podium. 
  • 1045 Haro is centrally located half a block south of Robson Street at the intersection of Haro Street and Thurlow Street, within the Robson Street shopping district, and is just steps to transit and an abundance of retail, dining, and other commercial amenities. A future redevelopment will benefit from prime retail space in the podium. 
  • The Site offers high visibility and exposure, with 330 ft. of frontage along Haro Street and 131 ft. of frontage along Thurlow Street. 
  • 1045 Haro Street currently offers excellent existing holding income, as it is improved by a residential rental apartment building and a commercial retail building. 
  • The Purchaser has the opportunity to preserve latent land value through holding (and renovating) the existing property. By leasing the vacant rental units at market rental rates upon renovation, the Puchaser has the potential to achieve excellent income growth.
  • Any offers to purchase the Property will be subject to Court approval. 
Property Summary
Address 1045 Haro Street
Vancouver, B.C.
Site Size 43,258 SF (0.99 acres)
Current Zoning Density Allowance DD: Downtown District 
Area E: 3.0x FSR
Area G: 6.0x FSR
OCP Area E of Burrard Corridor, as captured in West End
Community Plan
Existing Improvements 7-storey residential building and
3-storey commercial building
Existing Unit Count Residential: 160 (114 occupied/46 vacant)
Commercial: 5 (4 occupied/1 vacant)[3]
Existing Net Operating Income $1,770,000[4]
Stabilized Net Operating Income Residential: $2,760,000[5]
Commercial: $407,000[6]
Total: $3,167,000
Proposed Development[7] One 56-storey strata condominium tower
One 14-storey rental tower
A 2-level retail podium
Proposed Public Amenities[7] A 49-space childcare facility
A public plaza
Proposed Gross Buildable Area[7] Up to 501,753 SF
Proposed FSR[7] Up to 10.21x FSR
Proposed Number of Residential Units[7] Up to 509

[3]Unit 850 is currently the only vacant unit, with Unit 830 expiring on May 4, 2024. The tenant in Unit 846, which is expiring in June 2024, has expressed interest in extending their tenancy. Contact agents for details.
[4]Existing income is calculated based on only the occupied residential units, with commercial Unit 850 stabilized at $30.00 PSF market rates. There is an expression of interest to lease commercial Unit 830, therefore CBRE has assumed the existing lease terms for a one year extension. Contact agents for details.
[5]CBRE has stabilized the vacant residential units at market rental rates while applying a $25,000 renovation budget to each vacant unit.
[6]CBRE has stabilized Unit 850 at $30.00 PSF market rates.
[7]Subject to approval by the City of Vancouver, upon relaxation of view cone and shadowing restrictions. 
If you would like more detailed information about the Property, please contact the agents below. 

Contact:

Tony Quattrin
Personal Real Estate Corporation
Vice Chairman
National Investment Team - Vancouver
CBRE Limited, Capital Markets
604.662.5154
tony.quattrin@cbre.com
 

Jim Szabo
Personal Real Estate Corporation
Vice Chairman
National Investment Team - Vancouver
CBRE Limited, Capital Markets
604.662.5125 
jim.szabo@cbre.com
 

Carter Kerzner
Senior Vice President
National Investment Team - Vancouver
CBRE Limited, Capital Markets
778.372.3932
carter.kerzner@cbre.com
 

 
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