Commercial kitchen featuring stainless steel appliances, a large exhaust hood, tile flooring, and wall-mounted shelving

$2,590,000

3670 Vanness Avenue, Vancouver, BC V5R 0G6

MLS® C8081029

Description

Rare opportunity to acquire a well-maintained 1,978 sqft strata retail unit featuring a fully equipped commercial kitchen. Over $800,000 has been invested in the high-quality build-out and equipment. Leased to an established restaurant tenant, providing stable and dependable income. Ideally situated near Joyce–Collingwood SkyTrain Station and surrounded by numerous high-density residential developments, the location benefits from steady foot traffic and strong local demand. The property includes two underground parking stalls and more than 20 free street parking stalls in the immediate area., a significant advantage in this transit-oriented neighborhood. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year, CAP RATE : 5%

Property

Property type

Commercial Sale

Style

Retail

Structure

See Remarks

Year built

2,018

Ownership

Strata

Strata and restrictions

Strata fee

$1,092 per month

Costs

Annual property tax

$21,162

Tax year

2,026

Location

Area

Vancouver East

Neighbourhood

Collingwood VE

Waterfront

No