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Investment Highlights

  • High-exposure corner location at Victoria Drive and East 49th Avenue
  • Redevelopment approved for 19 residential units and one commercial space
  • Situated in a vibrant neighborhood with access to transit and amenities
  • Strong future upside through approved mixed-use redevelopment

Executive Summary

Prime Corner Investment with Redevelopment Approved! Exceptional opportunity at the high-exposure corner of Victoria Dr & E 49th Ave. This income-producing property currently generates $16,300/month, featuring a long-term commercial tenant (AR Cannabis) at $10,000/month, two 2-bedroom suites at $2,500 each, and one bachelor suite at $1,300. Redevelopment is approved for 9 two-bedroom units, 9 one-bedroom units, and one commercial space, offering tremendous potential for future growth. With strong current cash flow, reliable tenants, and significant redevelopment upside, this is a rare investment opportunity in a prime Vancouver location.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,900 SF
Building Class
C
Year Built
1946
Price
$3,888,000 CAD
Price Per SF
$1,340.69 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.74
Lot Size
0.09 AC
Zoning
C-2 - Commercial
Parking
3 Spaces (0.86 Spaces per 1,000 SF Leased)
Frontage
37’ on victoria Dr

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100

Nearby Major Retailers

RBC Royal Bank
Scotiabank
Starbucks
Tim Hortons
CIBC
  • Listing ID: 40058501

  • Date on Market: 2026-04-07

  • Last Updated:

  • Address: 6528-6530 Victoria Dr, Vancouver, BC V5P 3X9

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