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5330 VICTORIA Drive
Victoria VE Vancouver V5P 3V7

$5,298,000
Multi-Family Commercial

Main Photo: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 1: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 2: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 3: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 4: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 5: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 6: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 7: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 8: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Photo 9: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040643
Build. Type:
Low Rise (2-4 stories)
Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver. Solid 2 storey property with 3 retail/commercial units on ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1988, torch-on roof 2005, 50' X 113' lot and C-2 Commercial. The current under-market rents presents a great opportunity 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 and 14,125sf of buildable density or a 6-storey mixed-use rental development with an even higher buildable density. Please confirm with the City on all development potentials. Approx. Annual Gross Income of $141,524.
Sale Type:
Asset
Construction:
Concrete Block
Building Type:
Low Rise (2-4 stories), Mixed Use, Commercial Mix
# Bldgs:
1
# 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: 33)
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
Permitted Use:
Mixed Use
Taxes:
$23,407 / 2021
Water Supply:
Municipal
HVAC:
Baseboard
Roof:
Torch-On
Sewer Septic:
Municipal/Community
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
1.82
Other Income:
$0
Effective Gross Income:
$141,524
Gross Income:
$141,524
Oper. Expenses:
$44,863
Net Operating Income:
$96,660
Original Price:
$5,298,000
  • Photo 1: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
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  • Photo 7: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
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  • Photo 8: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
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  • Photo 9: 5330 VICTORIA Drive in Vancouver: Victoria VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040643
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Listed by RE/MAX Real Estate Services
Data was last updated October 21, 2021 at 01:10 PM (UTC)
Fred Choy Personal Real Estate Corporation
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.