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Work begins on 82-unit rental project in Vancouver’s Mount Pleasant

Work begins on 82-unit rental project in Vancouver’s Mount Pleasant
PROVINCE OF B.C. — A rendering shows the design of an affordable housing project underway in Vancouver’s Mount Pleasant neighbourhood.

VANCOUVER — Work has begun on an 82-unit rental project in Vancouver’s Mount Pleasant.

Located at 349 East 6th Ave., the 12-storey project will have studio, one-, two- and three-bedroom homes.

All the homes will either be accessible or feature adaptable designs, making this building an option for aging seniors and people living with disabilities. The building will feature a range of amenities, including family play spaces, rooftop urban agriculture, shared community gathering areas and bicycle storage.

The project is being jointly developed by the province, BC Housing, the Brightside Community Homes Foundation and Wall Financial Corporation. Brightside will operate the new homes, which are scheduled to open in fall 2024.

The new 82 units will replace Brightside’s 36-unit seniors housing building at 325 East 6th Ave., which lacks accessibility. Once complete, tenants will be able to move from their homes at 325 East 6th Ave. to the new housing and will continue paying rent based on income.

Half of the units will have rents tied to income, where rent is 30 per cent of the household’s income. Some units will be rented to those with very low incomes. Others will be at or below market rent.

“Wall is pleased to be working with Brightside and BC Housing on this unique and collaborative model of effectively delivering affordable seniors’ housing in Vancouver,” said Bruno Wall, president of Wall Financial Corporation, in a statement. “This partnership builds on previous affordable housing projects developed by Wall and BC Housing.”


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