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3357 W 4TH Avenue
Kitsilano Vancouver V6R 1N6

$2,498,000
Land Commercial, Multi-Family Commercial

Main Photo: 3357 W 4TH Avenue, Vancouver - Kitsilano
Photo 1: 3357 W 4TH Avenue, Vancouver - Kitsilano
Photo 2: 3357 W 4TH Avenue, Vancouver - Kitsilano
Photo 3: 3357 W 4TH Avenue, Vancouver - Kitsilano
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8060937
Build. Type:
Freestanding
Luk Real Estate Group is pleased to present the opportunity to acquire a boutique mixed-use building in Kitsilano with unobstructed frontage along West 4th Avenue. This property contains 4 residential units (4 one-bedrooms) 1 vacant retail unit, and a separate storage premises accessed through the lane. The property is perfect for owner-users seeking to occupy the retail premises and take advantage of the excellent exposure along West 4th Avenue or investors looking for a value-add opportunity or a chance to acquire a freestanding Kitsilano asset to hold for the long-term. The property's premium location and favourable existing zoning provides is suitable for many businesses and building typologies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental or a mixed-use condo building. If assembled to the corner, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning.
Sale Type:
Asset
Construction:
Concrete, Wood Frame, Mixed
Building Type:
Freestanding, Low Rise (2-4 stories), Mixed Use
# Units:
4
# of Appartments:
4
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
4
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
2.0
Year built:
1910 (Age: 114)
Total Floor Area:
3,600 sq. ft.
Retail Size:
1,200 sq. ft.
Lot Area:
3,612 sq. ft.
Lot Depth:
112.9
Lot Frontage:
32'
Land Use/Zoning:
C-2
Permitted Use:
Multifamily (5+), Retail
Taxes:
$18,893.4 / 2023
Alarm System, Secured Building
Services Connected:
Electricity, Fully Serviced, Lane Paved, Sidewalk
Water Supply:
Municipal
HVAC:
Hot Water, Separate Water Heaters
Sewer Septic:
Municipal/Community
Env Assmt Phase:
No
  • Photo 1: 3357 W 4TH Avenue, Vancouver - Kitsilano
    Photo 1 of 3
  • Photo 2: 3357 W 4TH Avenue, Vancouver - Kitsilano
    Photo 2 of 3
  • Photo 3: 3357 W 4TH Avenue, Vancouver - Kitsilano
    Photo 3 of 3
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated July 2, 2024 at 06:10 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.