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35 rooming housing business 507-509 Main St 7,709 SF 100% Leased Retail Building Vancouver, BC V6A 2V1 $4,000,000 CAD ($518.87 CAD/SF)
Investment Highlights
- Located at Main and Pender in the core of Vancouver’s Chinatown.
- Ground floor retail leased to a long-standing Indian restaurant under a long-term lease.
- HA-1A zoning allows for diverse future use options in a high-demand area.
- Includes 35 rooms plus two family units with kitchens and baths, and one office.
- Sale includes the rooming house business for a turnkey investment.
- Excellent access to public transit and downtown Vancouver amenities.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,709 SF
Building Class
C
Year Built
1980
Price
$4,000,000 CAD
Price Per SF
$518.87 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.47
Lot Size
0.07 AC
Zoning
HA-1A
Frontage
26’ on Main
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Nearby Major Retailers
1 of 6
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35 rooming housing business | 507-509 Main St
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