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5353 HASTINGS Street
Capitol Hill BN Burnaby V5B 1P9

$3,888,000
Multi-Family Commercial

View of doorway to property
Photo 1: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 2: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 3: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 4: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 5: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 6: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 7: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 8: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 9: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 10: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 11: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 12: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 13: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 14: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 15: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 16: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 17: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 18: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 19: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 20: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 21: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 22: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 23: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 24: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 25: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 26: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 27: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 28: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 29: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 30: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Photo 31: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8067811
Build. Type:
Commercial Mix
Solid, well maintainted 10 units, 3-storey freestanding multi-family buildings in Burnaby’s Capitol Hill neighborhood close to the corner of HASTINGS St & Howard Ave. Lot size of 8184sf with rentable area of 8350sf, 8 one bedrooms, 1 one bed+den, 1 two bedroom, all of which have been renovated to some extent over the past 15 years. Other highlights include new roofs(2022), upgraded electric panel(2022), dishwashers in 5 of the 10 suites, 1 set of owned washer & dryer, 10 storage lockers, and 7 surface parking stalls located at the rear of the building. Gross monthly income of $13,950 ($167,395 per annum), great investment return or as holding property for future re-zoning.
Sale Type:
Asset
Sublease:
No
Construction:
Wood Frame
Building Type:
Commercial Mix
# Units:
0
# of Apartments:
10
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
9
# of 2 Bedroom Apartments:
1
# of 3 Bedroom Apartments:
0
# Storeys:
3.0
Year built:
1962 (Age: 63)
Total Floor Area:
8,350 sq. ft.
Lot Area:
8,184 sq. ft.
Lot Depth:
124
Lot Frontage:
66'
Land Use/Zoning:
RM3
Taxes:
$9,630.41 / 2023
Services Connected:
Electricity, Garbage Collection, Natural Gas, Sanitary Sewer, Sewer - Storm
Env Assmt Phase:
Yes
  • Photo 1: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    View of doorway to property
  • Photo 2: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    View of miscellaneous room
  • Photo 3: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Interior space
  • Photo 4: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Below grade area featuring freestanding refrigerator and wood walls
  • Photo 5: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Basement featuring water heater and a heating unit
  • Photo 6: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Common laundry area featuring baseboards, washer and dryer, and light tile patterned floors
  • Photo 7: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    View of storage
  • Photo 8: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    View of utilities
  • Photo 9: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Office space with light wood-type flooring
  • Photo 10: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living room featuring baseboard heating and wood finished floors
  • Photo 11: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living room with light wood finished floors and a baseboard heating unit
  • Photo 12: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living area featuring a baseboard heating unit and wood finished floors
  • Photo 13: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living area featuring baseboard heating, light wood-style flooring, and ceiling fan
  • Photo 14: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Kitchen with under cabinet range hood, white cabinets, a sink, and appliances with stainless steel finishes
  • Photo 15: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Dining area with baseboards, ceiling fan, light wood-type flooring, and a baseboard radiator
  • Photo 16: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Kitchen featuring a sink, stainless steel appliances, tasteful backsplash, and a textured ceiling
  • Photo 17: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Bedroom with a baseboard heating unit and wood finished floors
  • Photo 18: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Bathroom featuring shower / tub combo with curtain, toilet, and vanity
  • Photo 19: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Bedroom featuring wood finished floors and a baseboard heating unit
  • Photo 20: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Bedroom featuring baseboards, wood finished floors, and a baseboard heating unit
  • Photo 21: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Dining area with wood finished floors, baseboard heating, and a baseboard radiator
  • Photo 22: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Dining room featuring wood finished floors
  • Photo 23: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living area with baseboards, baseboard heating, and wood finished floors
  • Photo 24: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Living area with baseboards, wood finished floors, a baseboard heating unit, and a ceiling fan
  • Photo 25: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Bathroom with toilet, shower / bath combo, tile patterned floors, and vanity
  • Photo 26: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Interior space featuring baseboards, a baseboard heating unit, and a ceiling fan
  • Photo 27: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Kitchen featuring white appliances, white cabinetry, under cabinet range hood, and baseboards
  • Photo 28: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Kitchen with a sink, under cabinet range hood, baseboards, white appliances, and white cabinets
  • Photo 29: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Kitchen featuring under cabinet range hood, baseboards, white appliances, white cabinets, and track lighting
  • Photo 30: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Dining area with wood finished floors and a baseboard radiator
  • Photo 31: 5353 HASTINGS Street, Burnaby - Capitol Hill BN
    Parking at dusk featuring uncovered parking
Listed by Nu Stream Realty Inc.
Data was last updated March 28, 2025 at 05:10 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.