BCBusiness
Once dubbed “the most beautiful block in Vancouver,” this Mount Pleasant cluster of four restored heritage homes—plus a laneway cottage—is now up for grabs.
Nestled in vibrant Mount Pleasant, four century-old homes—once part of “the most beautiful block in Vancouver” according to the Vancouver park board—are now available for $10 million. With their rare mix of preserved character and rental income, they’re the kind of legacy investment that turns heads.
Built in 1905 and painstakingly restored, the quartet blends Edwardian craftsmanship with just enough modern comfort to keep the tenants happy. Behind the painted wood façades lie 15 rental suites—some bachelor-sized, others sprawling two-bedrooms—that together pull in close to half a million dollars in annual rent.
The property has been in the Davis family since the 1970s, when the two Davis brothers bought eight homes on the block. Over the decades, they sold four and lovingly maintained the remaining four.
“These four heritage gems–140 to 150 West 10th Avenue in Mount Pleasant–weren’t just restored by the Davis family over 52 years; they were reborn through sheer grit and love, turning derelict rooming houses into a vibrant, 15-suite rental haven that sparked the neighborhood’s entire revival from its ’70s skid-row roots,” shares realtor Mark Goodman, principal at Goodman Commercial. The late Pat Davis, in particular, hand-sanded every inch of original woodwork herself, while battling bureaucrats to preserve the block’s iconic chestnut canopy—stories that make this far more than a transaction. “It’s a handover of Vancouver’s soul,” Goodman says.
“It’s like stepping into a living museum, where every gingerbread trim and stained-glass pane whisks you back to Vancouver’s Edwardian heyday at the turn of the 20th century,” continues Goodman. “It’s a very rare property.”
While the site sits squarely in the Broadway Plan‘s high-density corridor–poised for growth with the new sky train station just blocks away–Goodman does not anticipate a full teardown redevelopment anytime soon. “The economics simply don’t pencil out in today’s market: construction costs are sky-high, and the city’s stringent heritage protections make demolition a non-starter without jumping through major hoops,” he says.
Instead, the realtor envisions it thriving as a long-term multifamily investment, generating steady income from turnkey suites while maintaining its legacy. For forward-thinking buyers, options like sensitive infill in the expansive 17,000 sq. ft lot or a heritage density transfer–shifting unused development rights to another site–could unlock creative value without erasing history.
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