3670 VANNESS AVENUE
Vancouver, British Columbia
MLS® C8081029
$2,590,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C8081029
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2018
1 / 31Listing 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 summary
- MLS® number
- C8081029
- Property type
- Retail
- Square footage
- 1,978 sq ft
- Built in
- 2018
- Annual property taxes
- $21,161.80
- Days on market
- 21 days
Features & details
- Strata fee
- $1,091.77 / Monthly
What would this home cost you?
Based on the $2,590,000 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 Sutton Group-West Coast Realty, Coquitlam.
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.