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3947 KNIGHT Street
Knight Vancouver V5N 3L8

$3,580,000
Business with Property, Multi-Family Commercial

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Status:
Active
Prop. Type:
Business with Property, Multi-Family Commercial
MLS® Num:
C8059385
Bus Major:
Personal Services
Bus Minor:
Day Spa
Build. Type:
Commercial Mix
3947-3949-3951 Knight St. Excellent CORNER lot in a Prime area of Kingsway & Knight! Currently a 2 storied building in excellent condition. Owner occupying upstairs (1526 SQFT of living space, 3 bedrooms and 2 bathrooms along with a 396 SQFT deck), One of the two retail units is being rented at $1,800.
Sale Type:
Asset
Total space avail for lease:
1,757 sq. ft.
Major Bus Type:
Personal Services
Minor Bus Type:
Day Spa
Construction:
Mixed
Building Type:
Commercial Mix, Residential Mix
# Storeys:
2.0
Year built:
1912 (Age: 112)
Total Floor Area:
3,467 sq. ft.
Retail Size:
1,757 sq. ft.
Lot Area:
3,695.07 sq. ft.
Lot Depth:
110.81
Lot Frontage:
33'
Land Use/Zoning:
C-2
Permitted Use:
Mixed Use
Taxes:
$13,477.1 / 2023
Alarm System
# Elevators:
0
Services Connected:
Cable, Electricity, Fully Serviced, Garbage Collection, Natural Gas, Paved Streets, Septic System, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
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Listed by RE/MAX Masters Realty
Data was last updated November 6, 2024 at 01:10 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.