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1033 Granville Street
Downtown VW Vancouver V6Z 1L4

$11,750,000
Multi-Family Commercial, Retail

View of property
Photo 1: 1033 Granville Street, Vancouver - Downtown VW
Photo 2: 1033 Granville Street, Vancouver - Downtown VW
Photo 3: 1033 Granville Street, Vancouver - Downtown VW
Photo 4: 1033 Granville Street, Vancouver - Downtown VW
Photo 5: 1033 Granville Street, Vancouver - Downtown VW
Photo 6: 1033 Granville Street, Vancouver - Downtown VW
Photo 7: 1033 Granville Street, Vancouver - Downtown VW
Photo 8: 1033 Granville Street, Vancouver - Downtown VW
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8069676
Corbel Commercial is pleased to present an exceptional opportunity to acquire a free standing 3-storey, mixed use asset located at 1033 Granville Street in Downtown Vancouver, priced to sell with a new $745,000 price reduction. The subject property is comprised of 3 fully leased Commercial Restaurant/Retail units on the main floor plus 8 massive, 3-bedroom, fully refurbished character residential units on floors 2 and 3. The building has undergone a substantial renovation to include new glass retail storefronts, upgraded building systems, 3 commercial grade venting systems for commercial kitchens, and fully restored, character residential, market rental units above, centrally located in the heart of the Granville Entertainment District. At an approx. 5.34% Cap Rate, this is an excellent income generating investment with huge potential redevelopment opportunities in the future. Please contact the listing agent for further details.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Multi Family
# of Apartments:
8
# of 3 Bedroom Apartments:
8
Living Area:
14,196 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
50'
Contiguous Spc:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
6,000 sq. ft.
Potential to Redevelop:
PLEASE CONTACT LISTING AGENT, No
Electricity:
No
Env Assmt Comment:
PLEASE CONTACT LISTING AGENT
Parcel Number:
015497151
Taxes:
$95,829.5 / 2024
No
Water Rights:
No
Potential to Redevelop:
PLEASE CONTACT LISTING AGENT, No
Env Assmt Phase:
No
Association Fee:
$.00
  • Photo 1: 1033 Granville Street, Vancouver - Downtown VW
    View of property
  • Photo 2: 1033 Granville Street, Vancouver - Downtown VW
    View of property
  • Photo 3: 1033 Granville Street, Vancouver - Downtown VW
    Bar area with dark tile patterned flooring
  • Photo 4: 1033 Granville Street, Vancouver - Downtown VW
    View of tiled dining space
  • Photo 5: 1033 Granville Street, Vancouver - Downtown VW
    Dining room featuring concrete floors
  • Photo 6: 1033 Granville Street, Vancouver - Downtown VW
    Dining space with baseboards
  • Photo 7: 1033 Granville Street, Vancouver - Downtown VW
    Unfurnished living room featuring baseboard heating, hardwood / wood-style flooring, a fireplace, and baseboards
  • Photo 8: 1033 Granville Street, Vancouver - Downtown VW
    Kitchen featuring stainless steel appliances, under cabinet range hood, light wood finished floors, and backsplash
Listed by Corbel Commercial Inc.
Data was last updated June 6, 2025 at 02:40 AM (UTC)
AMAR SHAN
DANA BALAN
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Navigating Commercial Real Estate Landscape in Vancouver, BC

Vancouver, BC, stands as a beacon of economic prosperity and cultural diversity, drawing businesses and investors alike to its dynamic commercial real estate market. In this article, we’ll delve into the thriving commercial landscape of Vancouver, exploring key trends, popular sectors, and the factors contributing to the city’s robust real estate sector. Whether you’re an entrepreneur seeking the perfect storefront or an investor eyeing the stability and growth potential of Vancouver’s commercial market, the opportunities are as diverse as the properties themselves. Explore BC commercial properties, especially in Vancouver, and discover a landscape ripe for business success and investment ventures.

Diverse Commercial Sectors

Vancouver’s commercial real estate market spans a diverse array of sectors, catering to the multifaceted needs of businesses. From vibrant retail spaces in bustling neighborhoods like Gastown to sleek office towers in the central business district, the city offers a spectrum of opportunities. The industrial sector, particularly in areas like Mount Pleasant, has also witnessed significant growth, driven by the rise of tech companies and creative industries.

Tech Hub and Innovation

As a burgeoning tech hub, Vancouver has become a magnet for innovative companies seeking prime office spaces to foster creativity and collaboration. The city’s strategic location, coupled with its quality of life, has attracted major players in the tech industry, contributing to the demand for modern, adaptable office spaces.

Green Initiatives and Sustainability

Vancouver places a strong emphasis on sustainability, influencing its commercial real estate landscape. The city’s commitment to green building practices has led to a surge in environmentally conscious developments. LEED-certified buildings and energy-efficient spaces have become integral components of the commercial market, appealing to businesses with a focus on sustainability.

Challenges and Opportunities

Despite its robustness, Vancouver’s commercial real estate market is not without challenges. Limited available space in key areas and rising property values pose obstacles for businesses seeking prime locations. However, this scarcity has also spurred innovative projects, such as mixed-use developments that seamlessly blend residential and commercial spaces.

Investment Appeal

Investors are drawn to Vancouver’s commercial real estate market for its stability and long-term growth potential. The city’s strategic geographical location, strong economic fundamentals, and commitment to innovation create an attractive environment for those looking to diversify their portfolios.

Conclusion: Vancouver, BC Commercial Properties

Vancouver’s commercial real estate landscape continues to evolve, shaped by economic trends, sustainability initiatives, and the city’s commitment to innovation. Whether you’re a local business looking to expand or a global investor seeking lucrative opportunities, Vancouver’s dynamic and diverse commercial real estate market provides a wealth of possibilities.