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Fred Choy PREC*

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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
    Photo 1 of 7
  • Photo 2: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8046480
    Photo 2 of 7
  • Photo 3: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8046480
    Photo 3 of 7
  • Photo 4: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8046480
    Photo 4 of 7
  • 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
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Listed by RE/MAX REAL ESTATE SERVICES
Data was last updated September 25, 2022 at 04:40 AM (UTC)
FRED CHOY PREC*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.

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Cell 604-880-3462

Office 604-263-2823

choy_fred@hotmail.com

N410 - 650 West 41st Avenue

Vancouver, BC

V5Z 2M9

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.