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12111-12115 1st Avenue
Steveston Village Richmond V7E 3M1

$3,580,000
Commercial Sale

View of building exterior featuring uncovered parking
Photo 1: 12111-12115 1st Avenue, Richmond - Steveston Village
Photo 2: 12111-12115 1st Avenue, Richmond - Steveston Village
Photo 3: 12111-12115 1st Avenue, Richmond - Steveston Village
Photo 4: 12111-12115 1st Avenue, Richmond - Steveston Village
Photo 5: 12111-12115 1st Avenue, Richmond - Steveston Village
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8067939
Build. Type:
Condo Strata Complex
Discover a prime real estate opportunity in the vibrant heart of Steveston Village with this unique mixed-use property. Offering an impressive 5,396 sf of space on a 6600 sf lot, this two-story building features 2 retail units at street level & 4 residential condos above. Each residential suite boasts a comfortable 1 bdrm layout complete with in-suite laundry, a dishwasher & an individual h/water tank. Perfect for generating rental income all units are separately metered, enhancing ease of management. The property includes 11 convenient parking spots at the rear adding value for both shoppers and residents alike. Situated just steps from the scenic Fisherman's Wharf, local shops, & gourmet dinners, this location promises a lively & convenient lifestyle. Whether you're looking to generate rental income or envision a future development, this property presents a canvas for your ambitions in one of the most charming corners of Richmond. Step into a place where business meets community & profit meets pleasure.
Sale Type:
Asset
Property Type:
Commercial Sale
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
Condo Strata Complex, Mixed Use, Street-Level Storefront
# Bldgs:
1
# Units Total:
2
# Other Units:
2
# of Apartments:
4
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
4
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1982 (Age: 43)
Living Area:
5,396 sq. ft.
Subject Property Depth:
132'
Subject Property Width:
50'
Retail Size:
2,416 sq. ft.
Title to Land:
Strata
Lot Area:
6,534 sq. ft.
Potential to Redevelop:
OLDER BUILDING - PRIME AREA FOR REDEVELOPMENT, No
Road Surface:
Paved
Cooling:
Forced Air
Electricity:
Yes
Services Connected:
Cable Connected, Electricity Connected, Fully Serviced, Garbage Collection, Natural Gas Connected, Phone Connected, Street Lighting
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
002305186
Taxes:
$18,232.63 / 2024
Balconies, Laundry Facility, Storefront, Washrooms Female/Male
No
Building Security
2.5% 1ST $100,000 AND .75% ON THE BALANCE
No
Water Supply:
Public
Water Rights:
No
Potential to Redevelop:
OLDER BUILDING - PRIME AREA FOR REDEVELOPMENT, No
Env Assmt Phase:
No
Association Fee:
$.00
  • Photo 1: 12111-12115 1st Avenue, Richmond - Steveston Village
    View of building exterior featuring uncovered parking
  • Photo 2: 12111-12115 1st Avenue, Richmond - Steveston Village
    View of property
  • Photo 3: 12111-12115 1st Avenue, Richmond - Steveston Village
    View of building exterior and parking stalls at the rear
  • Photo 4: 12111-12115 1st Avenue, Richmond - Steveston Village
    Map location
  • Photo 5: 12111-12115 1st Avenue, Richmond - Steveston Village
    Map location
Listed by TRG The Residential Group Downtown Realty
Data was last updated April 16, 2025 at 10:40 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.