$4,200,000

4990 Victoria Drive, Vancouver, BC V5P 3T6

MLS® C8082778

Description

Avison Young is proud to present the opportunity to acquire 4990 Victoria Drive, a strategically located corner property in the heart of Vancouver, British Columbia. Situated along the prominent Victoria Drive corridor, this property offers exceptional visibility and frontage, making it an ideal asset for both immediate income and long-term redevelopment potential. The property comprises a well-positioned commercial retail unit at grade and three fully leased residential rental units on the second floor, providing stable holding income from day one. Its corner lot configuration enhances accessibility and future design flexibility-key attributes for urban development. As a prime candidate for land assembly, 4990 Victoria Drive represents a pivotal piece for unlocking greater density and value through the City of Vancouver's C-2 zoning policy, which supports mixed- use redevelopment.

Property

Property type

Commercial Sale

Style

Retail

Structure

Low Rise (2-4 storeys), Mixed Use

Year built

1,993

Ownership

Freehold

Levels

2

Systems

Heating

Baseboard, Rooftop

Lot and parking

Lot size

6,098.4 sq ft

Road surface

Paved

Parking

Guest

Costs

Annual property tax

$30,819

Tax year

2,026

Location

Area

Vancouver East

Neighbourhood

Victoria VE

Waterfront

No