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$ 4,698,000
Est. payment | /mo
$ 4,698,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8082238
Year Built 1998
Property Sub-Type Retail
Property Description
Own your storefront on West 4th Avenue, one of Vancouver's most sought-after retail high streets. Strata Lot 17 offers 2,882.6 SF of ground-floor retail in the heart of Kitsilano, between Maple and Arbutus, with two secured underground parking stalls and a private washroom. The current tenant is month-to-month, providing flexibility for owner occupancy or a lease-up at an estimated market rent of $95+ PSF net resulting in a near 6% cap rate. The property has benefited from significant recent capital improvements, including a new main plumbing line and risers, new roof, courtyard waterproofing membrane, exterior repainting and parkade upgrades, with no immediate work identified in the depreciation report. The unit also features separately metered hydro, electric heat, a new hot water tank, two HVAC systems and 600-amp three-phase service with capacity for EV charging and heat pumps. Available individually or with adjacent 2029 West 4th Avenue for a total of 3,971.9 SF.
Location
Province BC
Community Kitsilano
Area Vancouver West
Zoning C-2B
Interior
Heating Electric, Varies by Unit, HVAC System
Cooling Electric, Varies by Unit, HVAC System
Appliance Separate Water Heater
Exterior
Utilities Available Curb/Gutter, Electricity Connected, Fully Serviced, Street Lighting, Sidewalk
Roof Type Metal
Street Surface Paved
Total Parking Spaces 2
Building
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water Public
Others
Ownership Strata
Security Features Secured Garage/Parking
Nearby Locations