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6978 Victoria Drive
Killarney VE Vancouver V5P 3Y8

$3,880,000
Business with Property

View of commercial property
Photo 1: 6978 Victoria Drive, Vancouver - Killarney VE
Photo 2: 6978 Victoria Drive, Vancouver - Killarney VE
Status:
Active
Prop. Type:
Business with Property
MLS® Num:
C8073375
Bus Major:
Food & Beverage
Build. Type:
Mixed Use
Exceptional opportunity to own a prime commercial property along bustling Victoria Drive! Located at 6978 Victoria Drive, Vancouver, this property sits on a 3,352 sq.ft. lot with approximately 2,021 sq.ft. of leasable space. Currently the building is tenanted with a well-maintained Chinese restaurant. There is a big potential to turnkey/own a restaurant or lease for exceptional income stream. The property offers excellent street exposure, steady vehicle and pedestrian traffic, and strong surrounding residential density. Ideal for an investor seeking stable rental income or an owner-occupier looking for a high-visibility location. A rare chance to acquire a freehold commercial property in one of East Vancouver’s most vibrant commercial corridors.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Business with Property
Commercial Type:
Food & Beverage
Business Type:
Food & Beverage, Restaurant
Construction:
Mixed
Building Type:
Mixed Use
Year built:
1954 (Age: 71)
Living Area:
2,021 sq. ft.
Subject Property Depth:
119'10"
Subject Property Width:
28'
Lot Area:
3,484.8 sq. ft.
Electricity:
No
Parcel Number:
010171894
Taxes:
$22,623.7 / 2025
No
Yes
Water Rights:
No
Env Assmt Phase:
No
  • Photo 1: 6978 Victoria Drive, Vancouver - Killarney VE
    View of commercial property
  • Photo 2: 6978 Victoria Drive, Vancouver - Killarney VE
    Kitchen with a drop ceiling
Listed by Macdonald Realty Westmar
Data was last updated November 28, 2025 at 01:46 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.