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Discover the dynamic landscape of BC commercial properties, particularly in Vancouver with our comprehensive listings. From vibrant retail spaces in trendy neighbourhoods to cutting-edge office buildings in the business district, our platform is your gateway to the city’s diverse commercial properties. Whether you’re an entrepreneur seeking a storefront, an investor eyeing office spaces, or a business owner in search of the perfect location, we’ve got your commercial real estate needs covered. Explore the possibilities and find the ideal space to elevate your business in the heart of Vancouver’s dynamic commercial landscape.  Contact us and we’ll be happy to set up a showing for you!

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220 MANITOBA Street
Queens Park New Westminster V3L 1J2

$4,238,000
Multi-Family Commercial

Main Photo: 220 MANITOBA Street, New Westminster - Queens Park
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8060706
Build. Type:
Multiple Tenant/Multi-Plex (5+)
Macdonald Commercial is proud to present a unique opportunity to acquire a well-located, prime 18-unit rental apartment building in New Westminster, BC. The building offers spacious suites with each suite boasting a balcony or patio! Built in 1968, this three-storey wood frame building features 18 residential rental suites built on a concrete foundation. The majority of the suites have been renovated and offer ample storage and a balcony/patio. 16 undercover gated parking stalls and 2 covered non-gated stalls are provided behind the building. Since 2010, all suites have been updated with newer kitchens and bathrooms. Here is a lucrative opportunity to own an exceptionally maintained residential rental building in a centrally-located area experiencing high rental demand!
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Multiple Tenant/Multi-Plex (5+)
# of Bachelor Appartments:
2
# of 1 Bedroom Appartments:
16
# Storeys:
3.0
Total Floor Area:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
10,830.47 sq. ft.
Lot Depth:
99.82
Lot Frontage:
108'6"
Land Use/Zoning:
RM-2
Permitted Use:
Multifamily (5+)
Taxes:
$13,515.06 / 2023
# Elevators:
1
  • Photo 1: 220 MANITOBA Street, New Westminster - Queens Park
    Photo 1 of 1
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated November 21, 2024 at 11:10 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.