Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
3 Storey, Three Or More Levels
Ownership:
Freehold NonStrata
Year built:
1965
(Age: 60)
Living Area:
6,216 sq. ft.577 m2
Building Area - Total:
6,216 sq. ft.577 m2
Levels:
Three Or More
Bedrooms:
9
(Above Grd: 9)
Bathrooms:
9.0
(Full:9/Half:0)
Taxes:
$9,971.81 /
2024
Lot Area:
6,100 sq. ft.567 m2
Lot Frontage:
50'15.2 m
Lot Details:
50 x 122
Outdoor Area:
Balcony
Plan:
VAP1067, 1771
Name of Complex/Subdivision:
The Drive
Construction Materials:
Frame Wood, Mixed (Exterior)
No. Floor Levels:
3.0
Floor Area Fin - Above Main:
2,072 sq. ft.192 m2
Floor Area Fin - Above Main 2:
2,072 sq. ft.192 m2
Floor Area Fin - Main:
2,072 sq. ft.192 m2
Floor Area Fin - Total:
6,216 sq. ft.577 m2
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Rear Access
Parking:
Open
Parking Total/Covered:
5 / -
Storage
Balcony
Laundry In Unit, Storage
Mountain
Shopping Nearby
No Fire Sprinkler System, Smoke Detector(s)
6
Smoke Detector(s)
Laundry In Unit, Storage
In Unit
Age Restrictions:
No
By-Law Infractions:
0
GST Included:
No
Income as at Date:
May 01, 2025
Tax Utilities Included:
false
# Units Total:
9
# Bachelor Units:
0
# 1Bdrm Units:
9
# 2Bdrm Units:
0
# 3Bdrm Units:
0
# Other Units:
0
Home Owners Association:
No
Land Lease:
No
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
View of side of property with a balcony and stucco siding
Living room with a baseboard heating unit, wood finished floors, healthy amount of natural light, and a textured ceiling
Dining area with a baseboard heating unit, a textured ceiling, and light wood-style flooring
Dining area with light wood-style flooring and baseboards
Office with light wood finished floors, a textured ceiling, and baseboards
Kitchen with a sink, stainless steel appliances, dark countertops, white cabinetry, and backsplash
Bedroom featuring baseboard heating, wood finished floors, and a textured ceiling
Bedroom with a baseboard radiator, light wood finished floors, baseboards, and a textured ceiling
Full bath with a stall shower, vanity, and toilet
Bathroom featuring a shower stall and vanity
Living area with plenty of natural light, a baseboard heating unit, and wood finished floors
Dining room with a baseboard radiator and wood finished floors
Office space with light wood-type flooring, a textured ceiling, and baseboards
Kitchen with appliances with stainless steel finishes, a sink, white cabinets, backsplash, and dark countertops
Bedroom with wood finished floors, a textured ceiling, and a baseboard heating unit
Bedroom featuring wood finished floors, a closet, and baseboards
Full bath featuring toilet, a stall shower, and vanity
Living room featuring light wood finished floors
Living area featuring light wood-style flooring and baseboards
Kitchen featuring stainless steel appliances, dark countertops, a breakfast bar area, tasteful backsplash, and white cabinets
Office area featuring baseboards, light wood finished floors, and a baseboard heating unit
Kitchen with appliances with stainless steel finishes, dark countertops, white cabinets, a peninsula, and light wood-style flooring
Kitchen featuring appliances with stainless steel finishes, a sink, dark countertops, white cabinets, and a kitchen breakfast bar
Kitchen with appliances with stainless steel finishes, a sink, white cabinetry, and dark countertops
Kitchen with stainless steel appliances, a sink, light wood-style floors, white cabinets, and decorative backsplash
Kitchen with stainless steel appliances, a sink, light wood-type flooring, backsplash, and white cabinetry
Kitchen featuring dark countertops, light wood-style flooring, white cabinets, a peninsula, and baseboards
Bathroom featuring vanity, a shower stall, and toilet
Bathroom with built in shelves and vanity
Bedroom featuring wood finished floors, baseboards, and an office area
Bedroom with baseboard heating, light wood-style flooring, a closet, and baseboards
Balcony with a residential view and a mountain view
Mountain view
Mountain view
View of balcony
View of property exterior with fence, a security system, and a balcony
Data was last updated July 26, 2025 at 12:40 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,869,440
Min list price:
$628,000
Max list price:
$9,800,000
Avg days on market:
91
Min days on market:
2
Max days on market:
197
Avg price per sq.ft.:
$839.07
These statistics are generated based on the current listing's property type
and located in
Vancouver East. Average values are
derived using median calculations. This data is not produced by the MLS® system.