4990 Victoria Dr - Storefront Retail/Residential FOR SALE


Vancouver, BC V5P 3T6
$4,200,000 CAD
778-650-9910
4990 Victoria Dr, Vancouver, BC for Sale
$4,200,000 CAD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

4990 Victoria Dr
Vancouver, BC V5P 3T6


HIGHLIGHTS

  • 6,079 sf C-2 zoned corner lot with excellent visibility along Victoria Drive.
  • Mixed-use building with one commercial unit and three fully leased residential units providing holding income.
  • Strong redevelopment potential with multiple FSR options under C-2 zoning, including both condo and secured rental pathways.
  • 62.8 ft of frontage on Victoria Drive and 96.8 ft along East 34th Avenue.
  • Updated tar-and-gravel roof installed approximately ten years ago.
  • Surrounded by key neighbourhood amenities including parks, supermarkets, and schools.

OVERVIEW

Avison Young is proud to present the opportunity to acquire 4990 Victoria Drive, a strategically located C-2 zoned corner property, and a DQ franchise location in the heart of Vancouver, British Columbia. Situated along the prominent Victoria Drive corridor, this property offers exceptional visibility and frontage, making it an ideal asset for both immediate income and long-term redevelopment potential. (Business and real estate can be acquired collectively or separately). This offering presents the opportunity to acquire a 6,079-square-foot C-2 zoned corner property located along the highly visible Victoria Drive corridor in Vancouver. The property consists of a ground-floor commercial retail unit and three fully leased residential units on the second floor, providing stable holding income. Its corner configuration enhances future design flexibility and visibility, making it an attractive option for investors, developers, and land assembly groups seeking mixed-use redevelopment potential under the City of Vancouver’s C-2 zoning. With strong frontage on both Victoria Drive and East 34th Avenue, the property offers excellent long-term upside through density increases supported by the C-2 policy framework. Strategically positioned in the heart of Vancouver, the property benefits from prominent exposure along Victoria Drive with 62.8 feet of frontage and an additional 96.8 feet on East 34th Avenue. The surrounding neighbourhood offers convenient access to parks, schools, and major retailers such as 88 Supermarket, T&T Supermarket, and London Drugs. Recent building upgrades include a tar-and-gravel roof replacement completed approximately ten years ago. The residential units feature electric baseboard heating and individual hot water tanks, ensuring operational ease for future ownership.

FOR SALE DETAILS

PRICE

$4,200,000 CAD

PRICE/SF

$1,211 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

014-162-768

ASK ABOUT THIS PROPERTY

James ShandroAvison Young Commercial Real EstateMore Info
778-650-9910

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

James ShandroAvison Young Commercial Real EstateMore Info
778-650-9910

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