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314 W 12TH Avenue
Mount Pleasant VW Vancouver V5Y 1V2

$3,298,000
Multi-Family Commercial

Main Photo: 314 W 12TH Avenue, Vancouver - Mount Pleasant VW
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8064710
Build. Type:
Freestanding
Build a Six-Storey Rental Apartment revenue machine! Welcome to 314 West 12th Ideally located steps to the Canada Line, City Hall and all of the amazing offerings of Cambie Village. With the ability to acquire two consecutive 50'x125' lots which offers you a total lot size of 12,500sqft and with the new Broadway Plan zoning allows up to 2.7FSR which equates to 33,750sqft. This location offers high yielding rents from $4 and up to $5 per square foot. Your tenants will love the location with only 4 Blocks to Broadway City Hall and Canada Line , 1 Block to Vancouver City Hall, 2 Blocks to Cambie Village shopping, 5 Blocks to Whole Foods, 10 minute walk to VGH, 5 minute walk to Simon Fraser Elementary, 2 minute drive to Downtown. The current long-term tenants provide a stable income stream during the development planning process.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding
# Units:
1
# of Apartments:
0
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
1
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
# Storeys:
3.0
Year built:
1910 (Age: 115)
Total Floor Area:
2,326 sq. ft.
Lot Area:
6,250 sq. ft.
Lot Depth:
125
Lot Frontage:
50'
Land Use/Zoning:
RT-6
Permitted Use:
Multifamily (5+), Residential
Taxes:
$8,062.95 / 2024
Services Connected:
Electricity, Garbage Collection, Lane, Paved Streets, Sanitary Sewer, Septic System, Sewer - Storm, Street Lighting
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
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Listed by RE/MAX Select Properties
Data was last updated January 22, 2025 at 02:10 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.