The Avalon Hotel provides stable residential income with 86 micro units and the opportunity to transform the highly desirable 8,400 SF of retail space that is currently vacant. Built of brick and wood frame construction in 1913, 165 West Pender represents the amalgamation of 2 buildings as the Silver Hotel (169 West Pender) was combined with the Avalon Hotel (163 West Pender) by the current owner through renovation in the 1970’s. The ground floor offers approximately 8,400 SF of retail space currently demised into 3 commercial retail units. A portion of the ground floor is currently dedicated as office for administration of the 86 residential suites. Approximately 3,000 SF of retail space is currently leased, leaving approximately 5,400 SF of retail space ripe for renovation. 163 West Pender is a three-storey structure, whereas 169 West Pender is four storeys. Regardless of age, neither building is on the Heritage Registry. The total Gross Building Area is estimated to be approximately 25,600 SF with a rentable area of approximately 22,000 SF. Additionally there is 8,000 SF of unfinished basement currently used for storage.
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