Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Retail · Vancouver

3670 Vanness Avenue

Vancouver, BC V5R0G6

$2,590,000

62 days on market

Bedrooms
0
Bathrooms
0
Floor area
1,978 sq ft
Type
Retail
Year built
2018
Strata fee
$1,091.77/mo
Taxes
$21,161.80 (2026)
MLS®
C8081029

About this home

Rare opportunity to acquire a well-maintained 1,978 sqft strata retail unit featuring a fully equipped commercial kitchen. Over $800,000 has been invested in the high-quality build-out and equipment. Leased to an established restaurant tenant, providing stable and dependable income. Ideally situated near Joyce'Collingwood SkyTrain Station and surrounded by numerous high-density residential developments, the location benefits from steady foot traffic and strong local demand. The property includes two underground parking stalls and more than 20 free street parking stalls in the immediate area., a significant advantage in this transit-oriented neighborhood. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year, CAP RATE : 5%

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$11,468
Strata fee$1,092
Property taxannual ÷ 12$1,763
Est. monthly total$14,323
Down payment + BC property transfer taxbefore any first-time buyer exemption$573,700

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Listing courtesy of Sutton Group-West Coast Realty. View on REALTOR.ca

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Listing data is supplied through the CREA Data Distribution Facility (DDF®) by members of CREA and is deemed reliable but not guaranteed. Information should be independently verified.

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