Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
3 Storey, Three Or More Levels
Ownership:
Freehold NonStrata
Year built:
1965
(Age: 60)
Living Area:
6,216 sq. ft.577 m2
Building Area - Total:
6,216 sq. ft.577 m2
Levels:
Three Or More
Bedrooms:
9
(Above Grd: 9)
Bathrooms:
9.0
(Full:9/Half:0)
Taxes:
$9,971.81 /
2024
Lot Area:
6,100 sq. ft.567 m2
Lot Frontage:
50'15.2 m
Lot Details:
50 x 122
Outdoor Area:
Balcony
Plan:
VAP1067, 1771
Name of Complex/Subdivision:
The Drive
Construction Materials:
Frame Wood, Mixed (Exterior)
No. Floor Levels:
3.0
Floor Area Fin - Above Main:
2,072 sq. ft.192 m2
Floor Area Fin - Above Main 2:
2,072 sq. ft.192 m2
Floor Area Fin - Main:
2,072 sq. ft.192 m2
Floor Area Fin - Total:
6,216 sq. ft.577 m2
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Rear Access
Parking:
Open
Parking Total/Covered:
5 / -
Storage
Balcony
Laundry In Unit, Storage
Mountain
Shopping Nearby
No Fire Sprinkler System, Smoke Detector(s)
6
Smoke Detector(s)
Laundry In Unit, Storage
In Unit
Age Restrictions:
No
By-Law Infractions:
0
GST Included:
No
Income as at Date:
Dec 31, 2024
Tax Utilities Included:
false
# Units Total:
9
# Bachelor Units:
0
# 1Bdrm Units:
9
# 2Bdrm Units:
0
# 3Bdrm Units:
0
# Other Units:
0
Home Owners Association:
No
Land Lease:
No
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
View of side of property with a balcony and stucco siding
Living room with a baseboard heating unit, wood finished floors, healthy amount of natural light, and a textured ceiling
Dining area with a baseboard heating unit, a textured ceiling, and light wood-style flooring
Dining area with light wood-style flooring and baseboards
Office with light wood finished floors, a textured ceiling, and baseboards
Kitchen with a sink, stainless steel appliances, dark countertops, white cabinetry, and backsplash
Bedroom featuring baseboard heating, wood finished floors, and a textured ceiling
Bedroom with a baseboard radiator, light wood finished floors, baseboards, and a textured ceiling
Full bath with a stall shower, vanity, and toilet
Bathroom featuring a shower stall and vanity
Living area with plenty of natural light, a baseboard heating unit, and wood finished floors
Dining room with a baseboard radiator and wood finished floors
Office space with light wood-type flooring, a textured ceiling, and baseboards
Kitchen with appliances with stainless steel finishes, a sink, white cabinets, backsplash, and dark countertops
Bedroom with wood finished floors, a textured ceiling, and a baseboard heating unit
Bedroom featuring wood finished floors, a closet, and baseboards
Full bath featuring toilet, a stall shower, and vanity
Living room featuring light wood finished floors
Living area featuring light wood-style flooring and baseboards
Kitchen featuring stainless steel appliances, dark countertops, a breakfast bar area, tasteful backsplash, and white cabinets
Office area featuring baseboards, light wood finished floors, and a baseboard heating unit
Kitchen with appliances with stainless steel finishes, dark countertops, white cabinets, a peninsula, and light wood-style flooring
Kitchen featuring appliances with stainless steel finishes, a sink, dark countertops, white cabinets, and a kitchen breakfast bar
Kitchen with appliances with stainless steel finishes, a sink, white cabinetry, and dark countertops
Kitchen with stainless steel appliances, a sink, light wood-style floors, white cabinets, and decorative backsplash
Kitchen with stainless steel appliances, a sink, light wood-type flooring, backsplash, and white cabinetry
Kitchen featuring dark countertops, light wood-style flooring, white cabinets, a peninsula, and baseboards
Bathroom featuring vanity, a shower stall, and toilet
Bathroom with built in shelves and vanity
Bedroom featuring wood finished floors, baseboards, and an office area
Bedroom with baseboard heating, light wood-style flooring, a closet, and baseboards
Balcony with a residential view and a mountain view
Mountain view
Mountain view
View of balcony
View of property exterior with fence, a security system, and a balcony
Data was last updated May 17, 2025 at 05:40 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,999,900
Min list price:
$998,000
Max list price:
$9,800,000
Avg days on market:
85
Min days on market:
4
Max days on market:
358
Avg price per sq.ft.:
$858.33
These statistics are generated based on the current listing's property type
and located in
Vancouver East. Average values are
derived using median calculations.