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$ 1,898,000
Est. payment | /mo
$ 1,898,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8082239
Year Built 1998
Property Sub-Type Retail
Property Description
A well-sized Kitsilano storefront on West 4th Avenue, between Maple and Arbutus, one of Vancouver's most popular retail corridors. Strata Lot 18 comprises 1,089.3 SF of ground-floor retail, complete with a private washroom and one secured underground parking stall. With the existing tenant on a month-to-month basis, a buyer can take occupancy on short notice or reposition the unit at an estimated market rent of $95+ PSF net resulting in a near 6% cap rate. Major building work is already complete, including a new main plumbing line and risers, new roof, courtyard waterproofing membrane, fresh exterior paint and an upgraded parkade. The recent depreciation report identifies no immediate work. Operating costs stay simple with separate hydro metering, electric heat, a dedicated hot water tank and its own HVAC system, while the building's 600-amp three-phase service has room for EV charging and heat pumps. Offered on its own or together with neighbouring 2025 West 4th Avenue, for a combined 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 1
Building
Story 3
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water Public
Others
Ownership Strata
Security Features Secured Garage/Parking
Nearby Locations