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1923 Parker Street
Grandview Woodland Vancouver V5L 2L2

$4,300,000
Multi-Family Commercial

View of side of property with a balcony and stucco siding
Photo 1: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 2: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 3: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 4: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 5: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 6: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 7: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 8: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 9: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 10: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 11: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 12: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 13: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 14: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 15: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 16: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 17: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 18: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 19: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 20: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 21: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 22: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 23: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 24: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 25: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 26: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 27: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 28: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 29: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 30: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 31: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 32: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 33: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 34: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 35: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 36: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 37: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 38: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 39: 1923 Parker Street, Vancouver - Grandview Woodland
Photo 40: 1923 Parker Street, Vancouver - Grandview Woodland
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8069185
Build. Type:
Low Rise (2-4 storeys)
Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys)
# Units Total:
9
# Other Units:
0
# of Apartments:
9
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
9
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1958 (Age: 67)
Living Area:
6,212 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
50'
Lot Area:
6,098.4 sq. ft.
Acres Freehold:
6,098 sq. ft.
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
014999285
Taxes:
$9,971.81 / 2024
No
Water Supply:
Public
Water Rights:
No
Env Assmt Phase:
No
  • Photo 1: 1923 Parker Street, Vancouver - Grandview Woodland
    View of side of property with a balcony and stucco siding
  • Photo 2: 1923 Parker Street, Vancouver - Grandview Woodland
    Carpeted foyer with a baseboard radiator, baseboards, mail area, and a textured ceiling
  • Photo 3: 1923 Parker Street, Vancouver - Grandview Woodland
    Living room with a baseboard heating unit, wood finished floors, healthy amount of natural light, and a textured ceiling
  • Photo 4: 1923 Parker Street, Vancouver - Grandview Woodland
    Dining area with a baseboard heating unit, a textured ceiling, and light wood-style flooring
  • Photo 5: 1923 Parker Street, Vancouver - Grandview Woodland
    Dining room featuring light wood finished floors and baseboards
  • Photo 6: 1923 Parker Street, Vancouver - Grandview Woodland
    Office with light wood finished floors, a textured ceiling, and baseboards
  • Photo 7: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen with a sink, appliances with stainless steel finishes, dark countertops, white cabinets, and light wood-type flooring
  • Photo 8: 1923 Parker Street, Vancouver - Grandview Woodland
    Bedroom featuring baseboard heating, wood finished floors, and a textured ceiling
  • Photo 9: 1923 Parker Street, Vancouver - Grandview Woodland
    Bedroom featuring light wood-style flooring and a closet
  • Photo 10: 1923 Parker Street, Vancouver - Grandview Woodland
    Full bath with a stall shower, vanity, and toilet
  • Photo 11: 1923 Parker Street, Vancouver - Grandview Woodland
    Bathroom featuring a shower stall and vanity
  • Photo 12: 1923 Parker Street, Vancouver - Grandview Woodland
    Living area with plenty of natural light, baseboard heating, and wood finished floors
  • Photo 13: 1923 Parker Street, Vancouver - Grandview Woodland
    Living area with a textured ceiling, healthy amount of natural light, and light wood-style floors
  • Photo 14: 1923 Parker Street, Vancouver - Grandview Woodland
    Dining space featuring wood finished floors and a baseboard heating unit
  • Photo 15: 1923 Parker Street, Vancouver - Grandview Woodland
    Office space with light wood-type flooring, a textured ceiling, and baseboards
  • Photo 16: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen featuring stainless steel appliances, a sink, white cabinets, backsplash, and dark countertops
  • Photo 17: 1923 Parker Street, Vancouver - Grandview Woodland
    Bedroom with wood finished floors, a textured ceiling, and a baseboard heating unit
  • Photo 18: 1923 Parker Street, Vancouver - Grandview Woodland
    Bedroom featuring wood finished floors, a closet, and baseboards
  • Photo 19: 1923 Parker Street, Vancouver - Grandview Woodland
    Bathroom featuring toilet, a shower stall, and vanity
  • Photo 20: 1923 Parker Street, Vancouver - Grandview Woodland
    Living area featuring light wood-style flooring and baseboards
  • Photo 21: 1923 Parker Street, Vancouver - Grandview Woodland
    Dining room featuring light wood-type flooring and baseboards
  • Photo 22: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen featuring stainless steel appliances, dark countertops, a breakfast bar area, tasteful backsplash, and white cabinets
  • Photo 23: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen with appliances with stainless steel finishes, dark countertops, white cabinets, a peninsula, and light wood-style flooring
  • Photo 24: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen featuring appliances with stainless steel finishes, a sink, dark countertops, white cabinets, and a kitchen breakfast bar
  • Photo 25: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen with appliances with stainless steel finishes, a sink, white cabinetry, and dark countertops
  • Photo 26: 1923 Parker Street, Vancouver - Grandview Woodland
    Kitchen with stainless steel appliances, a sink, light wood-type flooring, backsplash, and white cabinetry
  • Photo 27: 1923 Parker Street, Vancouver - Grandview Woodland
    Bathroom featuring vanity, a shower stall, and toilet
  • Photo 28: 1923 Parker Street, Vancouver - Grandview Woodland
    Bedroom featuring wood finished floors, baseboards, and an office area
  • Photo 29: 1923 Parker Street, Vancouver - Grandview Woodland
    View of balcony
  • Photo 30: 1923 Parker Street, Vancouver - Grandview Woodland
    Balcony with a residential view and a mountain view
  • Photo 31: 1923 Parker Street, Vancouver - Grandview Woodland
    Mountain view
  • Photo 32: 1923 Parker Street, Vancouver - Grandview Woodland
    Mountain view
  • Photo 33: 1923 Parker Street, Vancouver - Grandview Woodland
    View of property exterior with fence, a security system, and a balcony
  • Photo 34: 1923 Parker Street, Vancouver - Grandview Woodland
    View of balcony
  • Photo 35: 1923 Parker Street, Vancouver - Grandview Woodland
    Utilities featuring water heater
  • Photo 36: 1923 Parker Street, Vancouver - Grandview Woodland
    Utility room with electric panel and electric meter
  • Photo 37: 1923 Parker Street, Vancouver - Grandview Woodland
    Uncovered parking lot with fence
  • Photo 38: 1923 Parker Street, Vancouver - Grandview Woodland
    Property floor plan
  • Photo 39: 1923 Parker Street, Vancouver - Grandview Woodland
    Property floor plan
  • Photo 40: 1923 Parker Street, Vancouver - Grandview Woodland
    Room layout

Virtual Tour

Listed by Stilhavn Real Estate Services
Data was last updated June 4, 2025 at 04:05 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.