Montreal rental properties

Mayfair Properties acquires iconic Vancouver rental tower

Monday, May 17, 2021

Mayfair Properties Ltd. recently purchased Martello Tower, a 30-storey concrete rental building at the corner of Beach Avenue and Thurlow Street in Vancouver.

The iconic 220-unit property is one of the largest rental buildings in B.C. In addition to being ideally located on 407 feet of frontage, the property also presents opportunities for infill development. The tower is just steps from the Seawall, Sunset Beach and Stanley Park, and a short walk from Downtown Vancouver, public transit, and numerous shops and restaurants.

It was constructed in 1969, and last sold for $28 million in 2003. The units include a mix of one-bedroom and two-bedroom suites averaging between 550 and 828 square feet. In total, Martello Tower comprises approximately 129,600 square feet of space.

Building features include:

  • concrete exterior
  • extensive gardens
  • outdoor heated pool
  • saunas
  • 3 refurbished glass and stainless steel elevators
  • smart card laundry
  • 156 underground parking stalls
  • 52 surface parking stalls
  • On-site staff and office

About Mayfair Properties

Mayfair Properties owns and operates a variety of hotels, residential properties, commercial properties and storage facilities in Metro Vancouver and Vancouver Island. Mayfair’s apartment buildings include both high and low-rise buildings ranging from heritage properties to new builds. The company is known for having well-located apartments in Downtown Vancouver and North Vancouver.

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