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210 E 16th Avenue
Main Vancouver V5T 2T4

$4,988,000
Multi-Family Commercial

View of property
Photo 1: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Photo 2: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Photo 3: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Photo 4: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Photo 5: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Photo 6: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066568
Build. Type:
Low Rise (2-4 storeys)
Wow! Prime Investment Opportunity in the Heart of Mount Pleasant. Exceptional mixed-use property located near Main Street and East 16th Avenue. This three-storey building features 10 residential units on the upper levels and one commercial unit on the ground floor, generating a current gross income of over $187,000 per year with significant upside potential from below-market rents. Situated on a 5,426.51 sq. ft. corner lot, zoned C-2 Commercial, and located within 800 metres of the Mount Pleasant Station Transit-Oriented Development Area, this property offers strong holding income and an excellent future redevelopment potential. A solid long-term investment in one of Vancouver’s most sought-after and evolving neighbourhoods!
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Mixed
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys), Mixed Use
# Units Total:
11
# Other Units:
1
# of Apartments:
10
# of Studio Apartments:
4
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
4
# of 2 Bedroom Apartments:
2
# of 3 Bedroom Apartments:
0
Year built:
1987 (Age: 38)
Living Area:
7,000 sq. ft.
Subject Property Depth:
122'½"
Subject Property Width:
43'6⅛"
Subject Space Width:
43'
Retail Size:
1,000 sq. ft.
Other Size:
6,000 sq. ft.
Lot Area:
5,227.2 sq. ft.
Zoning:
C-2
Potential to Redevelop:
TOA, within 800m of Mount Pleasant Station., No
Electricity:
No
Services Connected:
Cable Connected
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
003624021
Taxes:
$16,327.2 / 2024
No
None Known
Water Supply:
Public
Water Rights:
No
Roof:
Torch On
Potential to Redevelop:
TOA, within 800m of Mount Pleasant Station., No
Env Assmt Phase:
No
Cap Rate %:
2.1
Gross Income:
187473.0
Oper. Expenses:
83852.0
Other Income:
$0
Effective Gross Income:
$0
Net Operating Income:
$104,622
Original Price:
$4,988,000
  • Photo 1: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    View of property
  • Photo 2: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    View of garage
  • Photo 3: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    Parking garage featuring concrete block wall
  • Photo 4: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    View of parking garage
  • Photo 5: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    View of snow covered property
  • Photo 6: 210 E 16th Avenue in Vancouver: Main Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066568
    Photo 6 of 6
Listed by RE/MAX Real Estate Services and Royal Pacific Realty Corp.
Data was last updated November 29, 2025 at 06:40 PM (UTC)
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