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- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8072833
- Build. Type:
- Freestanding
- Photos (32)
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PRIME CORNER LEGAL TRIPLEX ON 41X122 lot. Four-unit rental property substantially updated in 2025 with new roof, hot water tank, freshly painted and new bachelor suite. Two 2-bedroom 1 bath units (876 sf each), One 3-bedroom 1 bath (1030 sf) and One Bachelor unit (526 sf). Perfect for investor to hold, live, rent or build in a prime central location off Commercial "The Drive" shopping district. Previously approved building plan for 4 storey, 11-unit dwelling in RM-4 Zoning. 95/100 Walk Score. Central location steps to transit, grocery stores, parks and schools. Potential 5% Cap rate with additional upside for future development.
- Sale Type:
- Asset
- Sublease:
- Yes
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Num Storeys:
- 2
- Building Type:
- Freestanding, Low Rise (2-4 storeys)
- # of Bachelor Apartments:
- 1
- # of 1 Bedroom Apartments:
- 2
- # of 3 Bedroom Apartments:
- 1
- Year built:
- 1937 (Age: 88)
- Living Area:
- 5,042 sq. ft.
- Subject Property Depth:
- 122'4"
- Subject Property Width:
- 41'2¾"
- Contiguous Spc:
- 0 sq. ft.
- Minimum Divisible Area:
- 0 sq. ft.
- Lot Area:
- 5,042 sq. ft.
- Potential to Redevelop:
- PLANS PREVIOUSLY APPROVED FOR 11 UNITS, No
- Electricity:
- No
- Services Connected:
- Fully Serviced
- Sewer:
- Public Sewer
- Parcel Number:
- 032029721
- Taxes:
- $6,243.05 / 2025
- Balconies, Laundry Facility
- No
- Common Water Heater
- Water Supply:
- Public
- Water Rights:
- No
- Potential to Redevelop:
- PLANS PREVIOUSLY APPROVED FOR 11 UNITS, No
- Env Assmt Phase:
- Yes
- Association Fee:
- $.00
-
Aerial view -
Unfurnished living room with a textured wall, hardwood / wood-style flooring, and a textured ceiling
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Kitchen with white appliances, white cabinetry, and light countertops
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Kitchen featuring white appliances, backsplash, radiator heating unit, light countertops, and white cabinetry
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Bathroom featuring vanity and shower / bath combination
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Full bathroom with bathing tub / shower combination, radiator, and dark tile patterned floors
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Unfurnished bedroom featuring radiator heating unit and dark wood finished floors
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Photo 8 of 32
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Living room with a textured wall, wood finished floors, radiator, and healthy amount of natural light
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Detailed view of a textured wall and wood finished floors
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Office space with a textured wall, a textured ceiling, and wood finished floors
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Dining area featuring light tile patterned floors and radiator
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Bedroom featuring a closet, radiator, and carpet flooring
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Full bath featuring vanity, shower / bath combo with shower curtain, radiator, dark tile patterned flooring, and rail lighting
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Exterior view
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Living area featuring wood finished floors and a fireplace
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Living room with wood finished floors
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Sitting room with healthy amount of natural light and dark wood finished floors
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Living area with wood finished floors
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Kitchen with open shelves, white cabinetry, white appliances, and light countertops
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Kitchen featuring white appliances, white cabinetry, light countertops, and plenty of natural light
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Bedroom featuring wood finished floors and a desk
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Bedroom featuring multiple windows and dark wood-style floors
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Full bath featuring shower / bathtub combination, vanity, a baseboard heating unit, and dark tile patterned flooring
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View of yard
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Bathroom featuring tile patterned floors, vanity, tile walls, and decorative backsplash
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Kitchen with white appliances, light countertops, white cabinetry, decorative backsplash, and open shelves
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Below grade area featuring baseboard heating and light wood finished floors
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Kitchen with white appliances, white cabinetry, open shelves, light countertops, and recessed lighting
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View of building exterior
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View of yard
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View of room layout
Listed by Success Realty & Insurance Ltd
Data was last updated October 15, 2025 at 09:40 AM (UTC)
- AMAR SHAN
- SABA REALTY LTD
- 778-881-4600
- [email protected]
- DANA BALAN
- SABA REALTY LTD
- 604-727-7206
- [email protected]
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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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.