507-509 Main St - Storefront Retail/Residential FOR SALE


Vancouver, BC V6A 2V1- Downtown Vancouver
$4,000,000 CAD
604-724-7878
507-509 Main St, Vancouver, BC for Sale
$4,000,000 CAD
Storefront Retail/Residential - FOR SALE
1/5
null | Request Cap Rate

507-509 Main St
Vancouver, BC V6A 2V1
Downtown Vancouver


HIGHLIGHTS

  • Located at Main and Pender in the core of Vancouver’s Chinatown.
  • Includes 35 rooms plus two family units with kitchens and baths, and one office.
  • Ground floor retail leased to a long-standing Indian restaurant under a long-term lease.
  • Sale includes the rooming house business for a turnkey investment.
  • HA-1A zoning allows for diverse future use options in a high-demand area.
  • Excellent access to public transit and downtown Vancouver amenities.

OVERVIEW

This well-maintained three-story building with a basement is located at the intersection of Main Street and Pender Street in the heart of Vancouver’s historic Chinatown. The property includes 35 rooms, featuring two family bedrooms with kitchens and baths, and one office, operating as a rooming house/hotel. The ground floor retail space is currently leased to an established Indian restaurant under a long-term agreement, providing stable income. The sale includes the rooming house business, offering a turnkey investment opportunity with straightforward operations. Positioned in a vibrant cultural district, the property benefits from strong pedestrian traffic, excellent transit connectivity, and proximity to downtown Vancouver. The HA-1A zoning supports a range of uses, adding flexibility for future redevelopment or continued hospitality operations. This asset combines income stability with long-term upside potential in one of Vancouver’s most historically significant and evolving neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 CAD

PRICE/SF

$519 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

35 rooming housing business

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,119 SF

ZONING

HA-1A

APN/PARCEL ID

015-666-778

ASK ABOUT THIS PROPERTY

Ryan MokParallel 49 Realty IncMore Info
604-724-7878

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Ryan MokParallel 49 Realty IncMore Info
604-724-7878

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