$799,000

1250 Commercial Drive, Vancouver, BC V5L 3X4

MLS® C8080613

Description

Excellent income-producing investment with an approximate 5.41% cap rate and long-term stable rental income. Prime retail investment opportunity on vibrant Commercial Drive. This approximately 680 SF strata retail unit is fully leased to an established long-term tenant to 09/30/2028 with a 3 years renewal option, providing secure and reliable cash flow. Includes 1 secured underground parking stall. Major capital improvements include building-wide plumbing replacement (2022) and a new HVAC system (2023), minimizing future maintenance concerns. A turnkey investment opportunity in one of Vancouver's most sought-after retail locations.

Property

Property type

Commercial Sale

Style

Retail

Structure

Street-Level Storefront

Year built

1,997

Ownership

Strata

Systems

Heating

Baseboard

Lot and parking

Parking spaces

1

Strata and restrictions

Strata fee

$528 per month

Costs

Annual property tax

$9,408

Tax year

2,025

Location

Area

Vancouver East

Neighbourhood

Grandview Woodland

Waterfront

No