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130 12000 1st Avenue

Steveston Village Richmond V7E 3L9

$950,000

Multi-Family Commercial

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Status:

Active

Prop. Type:

Multi-Family Commercial

MLS® Num:

C8082642

Build. Type:

Condo Strata Complex

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A rare opportunity to live above where you work or enjoy two cash-flowing tenancies in one property at Okano Court in Steveston. This 6-unit strata is self-managed with pride and offers individual strata units featuring 2-bedroom, 2-storey residential units over street-level retail units. The residential component of this strata unit is 1,153 square feet, spotless, and move-in ready with one parking stall. The commercial component houses Steveston's iconic D Original Sausage Haus, renowned for its 5th-generation family recipes and as a go-to for fine imported cheeses and meats from around the globe. This 524-square-foot street-level CRU is currently tenanted until November 2028, and the tenant would love to stay on. Possibilities abound here, whether for a homeowner who will live above and enjoy income from the CRU, a business owner who is looking to secure their next location in one of the Lower Mainland's most popular tourist locations, or an investor looking to enjoy a dual-income property.

General Info:

Sale Type:

Asset

Lease Term:

524 Months

Sublease:

Yes

Ownership:

Strata

Property Type:

Multi-Family Commercial

Commercial Type:

Multi Family

Construction:

Frame Wood

Name of Complex/Subdivision:

Okano Port

Num Storeys:

3

Building Type:

Condo Strata Complex, Mixed Use, Street-Level Storefront

# Bldgs:

1

# Units Total:

12

# Other Units:

6

# of Apartments:

6

# of Studio Apartments:

0

# of Penthouse Apartments:

0

# of Bachelor Apartments:

0

# of 4+ Bedroom Apartments:

0

# of 1 Bedroom Apartments:

0

# of 2 Bedroom Apartments:

6

# of 3 Bedroom Apartments:

0

Home Owners Association:

Yes

Year built:

1988 (Age: 38)

Living Area:

1,677 sq. ft.156 m2

Subject Property Width:

0'0 m

Contiguous Spc:

524 sq. ft.48.7 m2

Retail Size:

524 sq. ft.48.7 m2

Other Size:

1,153 sq. ft.107 m2

Minimum Divisible Area:

524 sq. ft.48.7 m2

Lot Area:

0 sq. ft.0 m2

Potential to Redevelop:

Yes

Road Surface:

Paved

Cooling:

Varies by Unit, Air Conditioning

Electricity:

Yes

Services Connected:

Curb/Gutter, Electricity Connected, Garbage Collection, Street Lighting, Sidewalk

Sewer:

Public Sewer

Parcel Number:

011932392

Taxes:

$4,530.59 / 2025

Amenities (Commercial):

Balconies, Storefront

Waterfront (Y/N):

No

Reports Avail:

No

Other Details:

# Elevators:

0

# Grade Doors:

2

Water Supply:

Public

Water Rights:

No

Potential to Redevelop:

Yes

Env Assmt Phase:

No

Business Info:

Association Fee:

$529.00

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Listed by RE/MAX Westcoast

Data was last updated October 26, 2026 at 04:10 AM (UTC)

• AMAR SHAN
• SABA REALTY LTD
• 778-881-4600
• amar@shannarealty.com

• DANA BALAN
• SABA REALTY LTD
• 604-727-7206
• danab.homes@gmail.com

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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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.