555 East 8th Ave

555_East_8th_East_Van_Condo_Building

You wouldn’t believe it, but this building used to be the ugliest pink stucco building you would have seen in Vancouver. Thankfully, the owners of the building decided to undergo a major exterior project which included a full rainscreen, entirely new metal and hardi-board exterior cladding system, new windows, new railings, new balconies, and new roof. This project was very expensive and time consuming, but it has catapulted the building into one of my favourite “boutique” buildings in Mount Pleasant. Not only did the building decide to redo the exterior, but they decided to re-do the interior hallways as well to give the entire building a modern edge which significantly increased it’s value.

The building only has 12 units, with the top floor units enjoying great roof top patios. The building offers in suite laundry, unsecure parking behind the building, balconies and fireplaces. 555 East 8th is a mix of 1 and 2 bedroom units, ranging from just over 500sqft to just under 1000sqft. The building does not have an elevator or underground parking membrane which significantly reduces the future maintenance costs of the building, especially given that replacing the elevator and parkade membrane can be very expensive.

Given that the building was built in 1988, some of the units may still be original which can give the new owner a chance to do a fantastic renovation to modernize the suite to match the exterior of the building.

555 East 8th is located between Carolina and St George St, only one block to E Broadway and about 5 blocks to Main St. The street is quiet and leafy, and you’re close to parks, an elementary school and the amenities in the neighbourhood.

This is a great building that I wouldn’t hesitate to suggest to a Buyer.

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