1250 COMMERCIAL DRIVE
Vancouver, British Columbia
MLS® C8080613
$850,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8080613
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1997
1 / 2Listing description
Excellent income-producing investment with an approximate 5. 08% 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 with a 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 summary
- MLS® number
- C8080613
- Property type
- Retail
- Square footage
- 680 sq ft
- Built in
- 1997
- Annual property taxes
- $9,408.12
- Days on market
- 38 days
Features & details
- Lot features
- Dock height loading
- Strata fee
- $528.18 / Monthly
What would this home cost you?
Based on the $850,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Panda Luxury Homes, West Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.