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938 Commercial Dr
Vancouver, BC V5L 3W7
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Newly built five-story mixed-use property with 10 residential units and one retail storefront
- Exceptional accessibility with a Walk Score of 99 and Transit Score of 70
- Zoned C-2C1 Commercial, supporting long-term investment flexibility
- Located on Commercial Drive, a high-traffic, culturally active shopping and dining corridor
- Retail unit offers strong street visibility and an additional revenue stream
Executive Summary
938 Commercial Drive presents a newly constructed, boutique mixed-use property in one of Vancouver’s most dynamic and culturally rich corridors. This five-story building combines 10 modern residential units with a ground-floor retail storefront, offering a rare opportunity for investors seeking a stabilized asset in a high-demand rental market.
The property spans 12,830 square feet and sits on a 3,432-square-foot lot, with zoning designated as C-2C1 Commercial. Designed for long-term value, the building includes a gated garage with three parking spaces, enhancing tenant convenience and security. The retail unit, measuring 937 square feet, provides an additional income stream and benefits from strong pedestrian visibility along Commercial Drive.
Positioned in a neighborhood celebrated for its vibrant retail, dining, and cultural scene, the property boasts a Walk Score of 99 and a Transit Score of 70, ensuring exceptional accessibility. With a cap rate of 4% and an asking price of $7,580,000, this asset offers investors a compelling blend of stability, location strength, and future appreciation potential in one of Vancouver’s most desirable urban settings.
The property spans 12,830 square feet and sits on a 3,432-square-foot lot, with zoning designated as C-2C1 Commercial. Designed for long-term value, the building includes a gated garage with three parking spaces, enhancing tenant convenience and security. The retail unit, measuring 937 square feet, provides an additional income stream and benefits from strong pedestrian visibility along Commercial Drive.
Positioned in a neighborhood celebrated for its vibrant retail, dining, and cultural scene, the property boasts a Walk Score of 99 and a Transit Score of 70, ensuring exceptional accessibility. With a cap rate of 4% and an asking price of $7,580,000, this asset offers investors a compelling blend of stability, location strength, and future appreciation potential in one of Vancouver’s most desirable urban settings.
Property Facts
| Price Per Unit | $758,000 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 10 | Building Size | 12,830 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Mid-Rise | ||
| Zoning | C-2C1 - Commercial | ||
| Price Per Unit | $758,000 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 12,830 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | C-2C1 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
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