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5330 VICTORIA Drive
Victoria VE Vancouver V5P 3V7

$4,800,000
Multi-Family Commercial, Retail

Main Photo: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 1: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 2: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 3: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 4: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 5: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 6: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Photo 7: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8046480
Build. Type:
Mixed Use
Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver East. Solid 2 storey property with 3 retail/commercial units on the ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1989, torch-on roof replaced on 2005, 50' X 113' level lot and C-2 Commercial Zoning. The current under-market rents presents a great potentials for rental upside on the overall income revenue. The Bonus: Future development potential of a 4-storey mixed-use building to a maximum of 2.5 FSR density and approx. 14,125sf of buildable area or a 6-storey mixed-use rental development with an even higher buildable area. Please confirm with the City on all development potentials.
Sale Type:
Asset
Construction:
Concrete Block, Mixed
Building Type:
Mixed Use
# Units:
7
# Other Units:
3
# of Appartments:
4
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
4
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
2.0
Year built:
1988 (Age: 34)
Total Floor Area:
5,600 sq. ft.
Retail Size:
2,800 sq. ft.
Other Size:
2,800 sq. ft.
Lot Area:
5,650 sq. ft.
Lot Depth:
113
Lot Frontage:
50'
Land Use/Zoning:
C-2
Taxes:
$20,555.1 / 2022
Storefront, Visitor Parking
Services Connected:
Electricity, Fully Serviced, Lane, Natural Gas, Paved Streets, Sanitary Sewer, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
Yes
Cap Rate %:
1.94
Other Income:
$0
Effective Gross Income:
$13,809,756
Gross Income:
$13,809,756
Oper. Expenses:
$4,486,359
Net Operating Income:
$9,223,397
Original Price:
$4,800,000
  • Photo 1: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
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  • Photo 2: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
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  • Photo 3: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
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  • Photo 4: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
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  • Photo 5: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
    Photo 5 of 7
  • Photo 6: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
    Photo 6 of 7
  • Photo 7: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8046480
    Photo 7 of 7
Listed by RE/MAX REAL ESTATE SERVICES
Data was last updated September 25, 2022 at 04:40 AM (UTC)
FRED CHOY PREC*
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