SOLD

1402 2055 PENDRELL STREET

Apartment/Condo For Sale in West End VW, Vancouver West

$899,900
  • 1 Beds
  • 1 Baths
  • 826 Sq. Ft.
  • Built 1965

This is a large one bedroom, one bathroom, nicely maintained home in one of the most desirable pockets of the West End. Setting this home apart is its great layout, truly outstanding views, and of course the excellent walkable location.


This is a large home, especially when you compare the layout and size allotment of more recent builds. The rooms feel house sized and there’s a lot space to configure as you see fit.


The corner orientation allows for plentiful light and an excellent cross-breeze. Light is excellent year round through all seasons.

 

The views are fantastic, with an unobstructed outlook over English Bay. Sunsets are incredible as are the yearly fireworks display. Being only one street off the waterfront and right adjacent Stanley Park, these views are some of the finest in the city.


The street outlook is urban in that way that is unique to the streets west of Denman. Decent setbacks between the neighbouring buildings and lots of mature trees provide a pleasant backdrop. It feels far more open, airy and bright than most downtown neighbourhoods. 


This home has been well maintained. A feeling of warmth and calm is created by a contemporary colour story in tandem with the great light and outlook from all principal rooms.


From the entranceway, the suite opens into a generous foyer with two closets.The bathroom is located just down the hall, across from the bedroom. The bedroom is large, with plenty of closet space and great views to the south and east.


Further into this home, you’ll find the kitchen which opens into a dining area. The dining room area is open yet distinct as a space as the galley kitchen is partially concealed. This keeps hosts active in the festivities, while keeping the necessary chaos of the kitchen relatively hidden.


The living room area can accommodate house-sized furniture. Extensive glazing on two sides (corner unit) provides excellent views. There are sliders opening onto the balcony, effectively extending the interior living space outdoors.


The outdoor space is a covered area with enough depth to allow for flexible outdoor furniture options. This is a really nice space, with an absolutely stunning view. 


The location is of course top-notch, with all possible amenities within walking distance. The beach is one block away and Stanley Park is right next door. Transit is close by as is the sea wall, Robson/ Denman shops and services, Coal Harbour, etc. 


Walk to work in the central business district or simply walk to the beach of your choice. You can’t really get a more convenient location than this. 


The building itself is in the quiet part of the West End, west of Denman. It’s a special place, so close to the all activity of the city yet right on nature’s doorstep. This makes for welcome respite from the bustle of life in the city centre. 


This home is in what is commonly referred to as a “co-op building.” These are not to be confused with the publicly funded housing model that is also referred to as a “co-op.” This property is better described as a market co-op. 


Market co-ops are called this in reference to their legal structure, which is essentially ownership via co-operative shares in a corporation. Market co-ops predate the Strata Property Act and were the way apartments were legally formed at the time. Older high-rises in Greater Vancouver are often market co-ops. 


A market co-op works a little differently to a strata based property. Rather than buying a parcel of volume (a strata lot), in a co-op you are buying shares in the corporation that owns the building. These shares come with the right to use a specific apartment. Your rights as a property owner are ensured by share ownership.  


There are some differences as a result of this form of ownership. Financing options are more limited, with lenders typically requiring a 35% downpayment. The upside to this is that it does affect demand for the units, and as such they tend to sell for considerably less than an equivalent strata titled property. So, market co-ops like this tend to present excellent value.


Co-ops are a proven and longstanding ownership structure. To this day, the vast majority of apartment buildings in Manhattan NYC are co-ops. Contact us for more details, we can walk you through how market co-ops work. 


The building’s community is described as “friendly and social.” Many of the residents are active and organized when it comes to the building’s board and various committees.


The building has a fantastic 360 degree roof top deck with indoor lounge and a small gym. On the garden level there's an indoor swimming pool.


One parking and a storage locker is included with this home. 


For those looking for a great home in one of the best parts of downtown, this makes a compelling option. The combination of a generous corner layout, some of the best views in the city, and a top location makes this home truly stand out. 


Contact us for more details, or to schedule a private showing.

Address 1402 2055 PENDRELL STREET
List Price $899,900
Property Type Residential Attached
Type of Dwelling Apartment/Condo
Style of Home Corner Unit
Area Vancouver West
Sub-Area West End VW
Bedrooms 1
Bathrooms 1
Floor Area 826 Sq. Ft.
Year Built 1965
Maint. Fee $740.00
MLS® Number R2826653
Listing Brokerage Oakwyn Realty Ltd.
Basement Area None
Postal Code V6G 1T9
Zoning RM-5B
Tax Year 2023
Site Influences Central Location, Paved Road, Recreation Nearby, Shopping Nearby