1648 and 1654 Venables Street present a rare opportunity to acquire two adjacent properties in one of Vancouver’s most dynamic neighborhoods, just steps from the heart of Commercial Drive. Together, these lots encompass 8,052 square feet with I-2 Light Industrial zoning, providing significant redevelopment potential of up to 3.0 FSR or a maximum buildable area of 24,156 square feet under the Grandview-Woodland Community Plan. The site includes two well-maintained structures offering a total of six two-bedroom units, generating holding income while planning for future redevelopment. The properties are ideally positioned to benefit from proximity to the Britannia Renewal Master Plan zone, which is transforming the area into a vibrant mixed-use hub with enhanced community amenities, green spaces, and connectivity. Located just one block west of Commercial Drive, this property enjoys unmatched accessibility to an eclectic mix of dining, retail, and cultural establishments. The area boasts excellent transit, a 94 Walk Score, and close proximity to major destinations such as Downtown Vancouver, UBC, the Port of Vancouver, and Vancouver International Airport. This acquisition represents a strategic investment in a rapidly evolving corridor with strong demand for modern mixed-use or light industrial projects.