1982-1992 Prestwick Dr - Storefront Retail/Residential FOR SALE


Vancouver, BC V5P 2E9
$3,288,000 CAD
604-999-6699
1982-1992 Prestwick Dr, Vancouver, BC for Sale
$3,288,000 CAD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

1982-1992 Prestwick Dr
Vancouver, BC V5P 2E9


HIGHLIGHTS

  • Fully leased asset featuring four residential units and two ground-floor retail spaces.
  • Located on a high-exposure corner in Vancouver’s established Victoria-Fraserview neighborhood.
  • Freehold C-1 zoned property offering future redevelopment and value-add opportunities.
  • Stable income with potential to enhance returns through rental rate adjustments.
  • Proximity to local schools, parks, retail corridors, and public transit connections.
  • Single ownership structure simplifies portfolio integration or disposition.

OVERVIEW

This three-storey mixed-use property provides a rare opportunity in the heart of East Vancouver’s Victoria-Fraserview neighborhood. Constructed in 1991, the building offers an attractive blend of four two-bedroom residential units above two ground-level retail spaces, each strata titled under single ownership. Fully leased and income-producing, the property allows for stable cash flow with potential rental upside, making it a compelling choice for investors. Located on the southwest corner of Victoria Drive and Prestwick Drive, the property benefits from excellent local connectivity and strong neighborhood dynamics. The surrounding area features a balanced mix of residential communities, schools, professional services, and retail amenities, creating consistent demand for both living and commercial space. Nearby transit routes along Victoria Drive enhance accessibility to downtown Vancouver and neighboring business districts. With rare freehold tenure and flexible C-1 zoning, this asset offers long-term security and repositioning possibilities. Buyers seeking a low-vacancy market with strong growth prospects will appreciate its redevelopment and owner-user potential.

FOR SALE DETAILS

PRICE

$3,288,000 CAD

PRICE/SF

$729 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,242 SF

ZONING

C-1

APN/PARCEL ID

017-317-177,017-317-185

ASK ABOUT THIS PROPERTY

Lily GanRe/Max Crest RichmondMore Info
604-999-6699

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Lily GanRe/Max Crest RichmondMore Info
604-999-6699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.