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1546 W 12TH Avenue
Fairview VW Vancouver V6J 2E1

$5,890,000
Land Commercial, Multi-Family Commercial

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Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8066769
Build. Type:
Freestanding
Opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver's desirable South Granville neighbourhood. The property consists of a 7,813 SF site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential.
Sale Type:
Asset
Construction:
Mixed
Building Type:
Freestanding, Multiple Tenant/Multi-Plex (5+)
# of Apartments:
13
# of Studio Apartments:
5
# of 1 Bedroom Apartments:
7
# of 2 Bedroom Apartments:
1
# Storeys:
2.0
Year built:
1927 (Age: 98)
Total Floor Area:
8,113 sq. ft.
Lot Area:
7,812.5 sq. ft.
Lot Depth:
125
Lot Frontage:
62'6"
Land Use/Zoning:
RM-3
Permitted Use:
Residential
Taxes:
$16,844.7 / 2024
Alarm System, Laundry Facility, Secured Building
Services Connected:
Electricity, Fully Serviced, Lane, Lane Paved, Natural Gas, Paved Streets, Sanitary Sewer, Street Lighting, Sidewalk
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated March 31, 2025 at 10:10 PM (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.