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.