Multi Family

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$4,999,900
Multi-Family Commercial

Main Photo:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 1:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 2:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 3:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 4:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 5:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 6:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 7:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 8:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
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Photo 10:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 11:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 12:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 13:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 14:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 15:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 16:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 17:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 18:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 19:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Photo 20:  in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8059986
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8059986
Build. Type:
Low Rise (2-4 stories)
The residual revenues in the mixed-use dwelling contains two 2 bedrooms condo suites on the upper floor and a fully established restaurant business on the main level. The two condo suites upstairs offers 2 bedrooms and 1 full bathroom each. Each one is well over 1000 square feet and generates excellent rental income. On the ground floor, the family based restaurant is about 2,400 sqft and has been running since 2008 with active liquor license. it is well known for good food and friendly service and their specialty is in cooking family favorite dishes originating from the North to South of Vietnam. The kitchen was completely renovated just over 7 years ago and the restaurant allows a seating capacity of up to 50-120 people. The potential of this c-2 zoning unit can be split into 2 store fronts for you to add other business ventures as well. Additionally, this building comes with 3 parking stalls in the back lane and plenty street parking up front.
Sale Type:
Asset
Construction:
Concrete Block
Building Type:
Low Rise (2-4 stories), Commercial Mix, Residential Mix
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
3
# Other Units:
# of Apartments:
2
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
2
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
# Storeys:
2.0
Year built:
2006 (Age: 19)
Total Floor Area:
4,400 sq. ft.
Retail Size:
2,200 sq. ft.
Wrhse Size:
1,100 sq. ft.
Other Size:
1,100 sq. ft.
Lot Area:
4,400 sq. ft.
Land Use/Zoning:
C-2
Permitted Use:
Mixed Use, Retail
Taxes:
$18,940.1 / 2023
Air Conditioning, Balconies, Cooler(s), Freezer(s), HVAC System, Secured Building, Storefront, Washrooms Female/Male
# Elevators:
0
# Docks:
0
# Loading Doors:
1
Ceiling Height:
8'
Services Connected:
Cable, Curb; Gutter, Electricity, Garbage Collection, Lane, Lane Paved, Natural Gas, Telephone, Sewer - Storm, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Forced Air, Hot Water, Separate Controls
Power Type:
Other
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
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Listed by Stonehaus Realty Corp.
Data was last updated January 2, 2025 at 11:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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