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3670 Vanness Ave 1,978 SF Retail Condo Unit Offered at $2,896,666 CAD in Vancouver, BC V5R 0G7
Investment Highlights
- Fully equipped commercial kitchen with over $800,000 invested in build-out and equipment.
- Located near Joyce–Collingwood SkyTrain Station with excellent transit access.
- Includes two underground parking stalls plus over 20 free street parking spaces nearby.
- Leased to an established restaurant tenant, providing dependable income.
- Surrounded by high-density residential developments ensuring strong foot traffic.
Executive Summary
The property is a strata retail unit located at 3670 Vanness Avenue in Vancouver, British Columbia. It was built in 2018 and is zoned CD-1 (545). The site is situated near Joyce–Collingwood SkyTrain Station and is surrounded by multiple high-density residential developments. The property includes two underground parking stalls and has additional street parking available in the immediate area.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Cap Rate | 4.50% | APN/Parcel ID | 030-421-110 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 030-421-110 |
Sale Notes
This offering represents a rare chance to acquire a fully improved strata retail unit in Vancouver’s dynamic Collingwood neighborhood. The property spans 1,978 square feet and features a high-quality commercial kitchen with over $800,000 invested in build-out and equipment. Currently leased to an established restaurant operator, the asset delivers reliable income and approximately a 3.5% capitalization rate, making it an attractive option for investors seeking passive returns. PID: 030-421-110
Positioned steps from Joyce–Collingwood SkyTrain Station, the location benefits from exceptional transit connectivity and strong pedestrian traffic. The surrounding area is characterized by high-density residential developments, ensuring consistent local demand. Two dedicated underground parking stalls complement more than 20 free street parking spaces nearby, a significant advantage in this urban setting. This property combines modern construction, stable tenancy, and a prime transit-oriented location, offering long-term value and income security for discerning investors.
Positioned steps from Joyce–Collingwood SkyTrain Station, the location benefits from exceptional transit connectivity and strong pedestrian traffic. The surrounding area is characterized by high-density residential developments, ensuring consistent local demand. Two dedicated underground parking stalls complement more than 20 free street parking spaces nearby, a significant advantage in this urban setting. This property combines modern construction, stable tenancy, and a prime transit-oriented location, offering long-term value and income security for discerning investors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3670 | 1,978 SF | Retail | $2,896,666 CAD ($1,464.44 CAD/SF) | $130,349.97 CAD |
Unit 3670
| Unit Size |
| 1,978 SF |
| Condo Use |
| Retail |
| Price |
| $2,896,666 CAD ($1,464.44 CAD/SF) |
| NOI |
| $130,349.97 CAD |
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Unit 3670
| Unit Size | 1,978 SF |
| Condo Use | Retail |
| Price | $2,896,666 CAD ($1,464.44 CAD/SF) |
| NOI | $130,349.97 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 030-421-110 |
| Sale Notes | |
| This offering represents a rare chance to acquire a fully improved strata retail unit in Vancouver’s dynamic Collingwood neighborhood. The property spans 1,978 square feet and features a high-quality commercial kitchen with over $800,000 invested in build-out and equipment. Currently leased to an established restaurant operator, the asset delivers reliable income and approximately a 3.5% capitalization rate, making it an attractive option for investors seeking passive returns. PID: 030-421-110 <br> <br> Positioned steps from Joyce–Collingwood SkyTrain Station, the location benefits from exceptional transit connectivity and strong pedestrian traffic. The surrounding area is characterized by high-density residential developments, ensuring consistent local demand. Two dedicated underground parking stalls complement more than 20 free street parking spaces nearby, a significant advantage in this urban setting. This property combines modern construction, stable tenancy, and a prime transit-oriented location, offering long-term value and income security for discerning investors.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,184,860 SF | Floors | 36 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 104,268 SF |
| Property Subtype | Year Built | 2018 | |
| Building Class | A | ||
| Zoning | CD-1 - Comprehensive Development | ||
| Total Building Size | 1,184,860 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | A |
| Floors | 36 |
| Typical Floor Size | 104,268 SF |
| Year Built | 2018 |
| Zoning | CD-1 - Comprehensive Development |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 332 | - | - |
Very walkable
80/100
Fairly drivable
50/100
Strong public transit
80/100
Very bikeable
80/100
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3670 Vanness Ave
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