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Fred Choy PREC*

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5853 Victoria Drive
Killarney VE Vancouver V5P 3W5

$2,790,000
Multi-Family Commercial, Retail

View of commercial location
Photo 1: 5853 Victoria Drive in Vancouver: Killarney VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8071693
Photo 2: 5853 Victoria Drive in Vancouver: Killarney VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8071693
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8071693
Build. Type:
Mixed Use
Must See! Total Aprrox.3,644.52 SqFt (33 ft x 110.44 ft) lot size in Vancouver Kensington-Cedar Cottage area. Located on the busy Victoria Drive, between E 41st Ave and E 43rd Ave, good exposure with lots of foot traffic. 2 retail units on ground floor, and 2 of 1 bedroom residential units on the second floor. Fully tenanted, with approx. $115,000 gross income. Under C-2 zoning suit for most of commercial use. With land assembly, potential for rental development with 3.5 FSR, up to 6 storeys. A rare opportunity for people who are looking for investment or own usage property in Vancouver. Don't hesitate, call now for more details!
Sale Type:
Asset
Sublease:
Yes
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Multi Family
Construction:
Mixed
Num Storeys:
2
Building Type:
Mixed Use
# Units Total:
4
# Other Units:
2
# 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
Year built:
1954 (Age: 71)
Living Area:
1,695 sq. ft.
Lot Area:
36,590.4 sq. ft.
Zoning:
C-2
Electricity:
No
Parcel Number:
012294861
Taxes:
$20,928.1 / 2025
No
Water Rights:
No
Env Assmt Phase:
No
Cap Rate %:
3.0
Gross Income:
28200.0
Oper. Expenses:
30000.0
Other Income:
$86,832
Effective Gross Income:
$115,032
Net Operating Income:
$85,000
Original Price:
$2,790,000
  • Photo 1: 5853 Victoria Drive in Vancouver: Killarney VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8071693
    View of commercial location
  • Photo 2: 5853 Victoria Drive in Vancouver: Killarney VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8071693
    Map showing property parcels
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Listed by RE/MAX City Realty and RE/MAX Real Estate Services
Data was last updated August 30, 2025 at 08:40 PM (UTC)
FRED CHOY PREC*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, 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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