1835 1st Ave W - Apartments CONDO FOR SALE


Vancouver, BC V6J 5B8
$899,000 CAD
1835 1st Ave W, Vancouver, BC for Sale
$899,000 CAD
Apartments CONDO - FOR SALE
1/13
null | 4.67% Cap Rate

1835 1st Ave W
Vancouver, BC V6J 5B8


HIGHLIGHTS

  • High-exposure location steps from Kits Beach and major residential developments.
  • Excellent walkability and transit access in a thriving commercial corridor.
  • Direct exposure onto W 1st Ave.

OVERVIEW

Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401sf street-front retail unit enjoys strong pedestrian traffic and great exposure in one of Vancouver's most vibrant neighbourhoods. Leased to Grab Glow Grow, a wellness-focused quick-service concept, with a new 5-year lease generating Net $42,000 annually and 3% yearly increases. Offered at $899,000, delivering a 4.67% first-year return and projected 5.26% return by Year 5. A fantastic chance to own stable retail income in the heart of Kitsilano.

FOR SALE DETAILS

PRICE

$899,000 CAD

PRICE/SF

$2,242 CAD /SF

CAP RATE

4.67%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yorkville South

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

40,292 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

CD-1

APN/PARCEL ID

023-230-703,023-230-932

ASK ABOUT THIS PROPERTY

Jonathan LuKeller Williams Ocean Realty VanCentralMore Info

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