REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 899,000
Est. payment | /mo
$ 899,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type Asset
MLS Listing ID C8077141
Year Built 1995
Property Sub-Type Retail
Property Description
Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401 sq. ft. street-front unit offers strong exposure and pedestrian traffic in one of Vancouver's most vibrant neighbourhoods. Leased to Grab Glow Grow under a new 5-year lease generating net rent of $42,000 annually, with 3% yearly increases. Offered at $899,000, providing a 4.67% first-year return and projected 5.26% return by Year 5. The proposed redevelopment of the nearby former Molson Brewery site may further support future density, commercial activity and long-term value appreciation. Buyers must conduct their own due diligence and independently verify all details.
Location
Province BC
Community Kitsilano
Area Vancouver West
Zoning CD-1 (305)
Exterior
Utilities Available Electricity Connected, Garbage Collection, Street Lighting, Sidewalk, Storm Sewer at Lot Line, City Water at Lot Line
Street Surface Paved
Building
Story 5
Sewer Public Sewer
Water Public, City Water at Lot Line
Others
Restrictions None Known,Restrictive Covenant
Ownership Freehold
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "