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188 5th Av W 3,997 SF Office Building Vancouver, BC V5Y 1H7 $4,995,000 CAD ($1,249.69 CAD/SF)
Investment Highlights
- The adjacent property, 164 West 5th Avenue, is available for sale as well.
- Zoned I-1 with flexibility for laboratory, office, and technology-related uses.
- Excellent transit access near Broadway-City Hall SkyTrain and the future Mount Pleasant Station.
- Fully leased corner property in the heart of Mount Pleasant with stable income through Q4 2027.
- Air Significant redevelopment potential with 4.5 FSR and approximately 24,043 sq. ft. of buildable area under the Broadway Plan.
- Surrounded by major employers and lifestyle amenities, fostering a vibrant work environment.
Executive Summary
The property located at 188 West 5th Avenue, Vancouver is a 3,997 sq. ft. industrial building situated on Lot 1, Block 33, District Lot 200A (PID: 004-309-685) and is zoned I-1, allowing for a broad range of uses including laboratories, general office, health care offices, and information communication technology manufacturing. The site falls within the Broadway Plan, designated as Mount Pleasant Industrial Area – Area A (MIAA), permitting a 4.5 FSR and offering approximately 24,043 sq. ft. of potential buildable area. Property taxes for 2025 are $61,220.90. The building is currently leased to Catalera BioSolutions Inc., with the lease expiring in Q4 2027 and no further renewal options. Includes four parking stalls, air conditioning, and 3-phase, 600-volt power for specialized operations.
The adjacent property, 164 West 5th Avenue, is available for sale. Contact listing agents for additional information
The adjacent property, 164 West 5th Avenue, is available for sale. Contact listing agents for additional information
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,997 SF
Building Class
C
Year Built
1967
Price
$4,995,000 CAD
Price Per SF
$1,249.69 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,997 SF
Slab To Slab
9’
Building FAR
0.75
Lot Size
0.12 AC
Zoning
I-1 - Industrial
Amenities
- Bio-Tech/ Lab Space
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (91)
Bike Score®
Biker's Paradise (98)
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188 5th Av W
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