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3609, 3611 COMMERCIAL Street
Victoria VE Vancouver V5N 4G1

$8,588,000
Industrial, Multi-Family Commercial

Main Photo: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 1: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 2: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 3: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 4: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 5: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 6: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Photo 7: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
Status:
Active
Prop. Type:
Industrial, Multi-Family Commercial
MLS® Num:
C8058677
Build. Type:
Freestanding
NAI Apartments is pleased to present the opportunity to acquire two separate neighbouring properties located on Commercial Street. 3603 Commercial was built in 1978 comprising of 10 residential rental suites with 6 two-bedroom suites, and 4 one-bedroom suites. There is a significant opportunity to grow rents on 8 out of 10 residential units and all retail tenancies. The ground floor consists of three retail units, with annual rent increases in place. Tenants are responsible for their utilities and share of property taxes. The roof was replaced in 2014, limiting any immediate capital expenditures. All residential units have new separate electric hot water tanks and electric baseboard heating paid by the tenants. Both floors have individual locker rooms and a washer and dryer, that are owned by the building. 3611 Commercial was built in 1968 and consists of a freestanding single-storey industrial building with a gross leasable area of 2,538 square feet on a 3,573 square foot lot.
Sale Type:
Asset
Total space avail for lease:
0 sq. ft.
Construction:
Concrete Block, Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Commercial Mix
# of Appartments:
10
# of 1 Bedroom Appartments:
4
# of 2 Bedroom Appartments:
6
# Storeys:
3.0
Total Floor Area:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
10,710 sq. ft.
Lot Depth:
119
Lot Frontage:
90'
Land Use/Zoning:
MC-1
Taxes:
$0 / 0
Balconies, Laundry Facility, Secured Building, Secured Parking
HVAC:
Electric, Hot Water, Separate Water Heaters
Potential to Redevelop:
Yes
  • Photo 1: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 2: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 3: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 4: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 5: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 6: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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  • Photo 7: 3609, 3611 COMMERCIAL Street in Vancouver: Victoria VE Industrial for sale (Vancouver East)  : MLS®# C8058677
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Listed by NAI Commercial
Data was last updated April 16, 2024 at 11:10 PM (UTC)
Steve Da Cruz | CCIM | PREC
董静茹 Jingru Cynthia Dong | CCIM | CFP | MBA | PREC
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