Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1978

Square Footage 1,978 sqft

Price per Sqft $1,464

MLS® Listing ID C8079036

Condo Fees $1,091/mo

Year Built 2018

Property 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 : 4.5% (id:24570)

Location

Province BC

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Others

Virtual Tour https://my.matterport.com/show/?m=BxW9JDpYY6F

Listed by Sutton Group-West Coast Realty

3670 VANNESS AVENUE Vancouver, BC V5R0G6

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Nader Bakhoum,PMP, P.Eng.

Key Details

Location

Rooms

Exterior

Others

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3670 VANNESS AVENUE