




$3,980,000
Listed by: Stilhavn Real Estate Services · MLS®
Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
MLS® #
R3177254
Status
Active
Type
Residential Income
Sub-type
Other
Style
3 Storey
Ownership
Freehold NonStrata
Bedrooms
9
Full Baths
9
Half Baths
0
Living Area
6,216 sqft
Main Floor
2,072 sqft
Lot Size
6,100 sqft
Lot Dimensions
50 x 122
Frontage
50
Year Built
1965
Age
61 years
Structure
Multi Family
Parking Stalls
5
Parking Type
Open, Rear Access
Taxes
$11,443/yr
MLS® Area
Grandview Woodland
City
Vancouver
Postal Code
V5L 2L2
Subdivision
The Drive
Heating
Baseboard · Hot Water
Laundry
In Unit
Security
No Fire Sprinkler System · Smoke Detector(s)
Interior Features
Storage
Exterior Features
Balcony
View
Mountain
Coordinates: 49.275922, -123.065056 · Map data © Google
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~1.5 km straight-line to Commercial — Broadway SkyTrain
Screening estimate from provincial regulations (TOA station points, B.C. Reg. 263/2023 & 265/2023; small-scale multi-unit housing rules). Distances are straight-line; actual TOA maps are set by municipal bylaw and some parcels (heritage, ALR, exempt areas) are excluded. Confirm with the municipality before relying on it.
Not in the Agricultural Land Reserve.
The listing’s flood plain disclosure is available to registered users. Create a free account or sign in.
ALR from the Agricultural Land Commission via DataBC (point check at the listing’s mapped location). Flood plain is the listing brokerage’s disclosure. Confirm both with the municipality and your lawyer.
Source: City of Vancouver Open Data
High Density Housing / Commercial - Addition / Alteration - Replacement of kitchen tiles, cabinet, and flooring; bathroom fixtures and tiles; and re-pipe all plumbing in this existing 3-storey multiple dwelling building containing 9 dwelling units. CRP: Jeff Xinjun Shen, phone (778)858-1805
Dwelling Unit
$300,000
Feb 25, 2019
BP-2019-00387