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2649-2685 W Broadway 1,404 SF Retail Condo Unit Offered at $2,632,156 in Vancouver, BC V6K 2G2
Investment Highlights
- Located in a well-established Sunshine Diner
- Recent renovation done to the diner
Executive Summary
Discover a premier corner retail investment opportunity in the heart of Kitsilano, one of Vancouver’s most vibrant and sought-after neighbourhoods. Situated along the high-exposure West Broadway corridor, this property offers exceptional visibility, strong area foot traffic, and a stable, long-term commercial tenancy. This offering consists of two strata retail units that form the home of the iconic Sunshine Diner, a well-established 1950s-themed breakfast and lunch restaurant that has been operating successfully for 25 years. The premises have been recently renovated, are in excellent condition, and feature a new 10-year lease starting in 2024, providing secure income and minimal management requirements. Located within a 54,454 sq. ft. mixed-use building constructed in 2000, the units together comprise 2,522 sq. ft. of rentable area (including gross-up). The property is zoned C-2C1, a versatile commercial district allowing a wide range of retail and service uses in accordance with Vancouver’s Zoning and Development By-law. With a Walk Score of 98 and a Transit Score of 71, this location offers superb accessibility for customers, staff, and future tenants.
Property Facts
| Total Building Size | 54,454 SF | Floors | 4 |
| Property Type | Office (Condo) | Typical Floor Size | 13,614 SF |
| Property Subtype | Loft/Creative Space | Year Built | 2004 |
| Building Class | B | Lot Size | 0.37 AC |
| Zoning | C-2C1 - Commercial | ||
| Total Building Size | 54,454 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 13,614 SF |
| Year Built | 2004 |
| Lot Size | 0.37 AC |
| Zoning | C-2C1 - Commercial |
Amenities
- Bus Line
- Signage
1 Unit Available
Unit 2649
| Unit Size | 1,404 SF | Cap Rate | 3.75% |
| Price | $2,632,156 USD | NOI | $98,705.87 USD |
| Price Per SF | $1,874.76 USD | No. Parking Spaces | 2 |
| Condo Use | Retail | APN/Parcel ID | 027-344-002 |
| Sale Type | Investment |
| Unit Size | 1,404 SF |
| Price | $2,632,156 USD |
| Price Per SF | $1,874.76 USD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 3.75% |
| NOI | $98,705.87 USD |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 027-344-002 |
Description
Prime CORNER retail investment opportunity in Kitsilano. 2 strata lots are occupied by the very famous and well-established Sunshine Diner. Sunshine Diner is a 1950's themed diner that is open for breakfast and lunch. The premises are in excellent condition and have been renovated. Very stable tenant with 25 years operating. Lease has 10 years lease starting from 2024. Rentable area (including gross-up) is 1,404 sf. Enjoyed the high cap rate(S%) and easy management!
Sale Notes
Prime CORNER retail investment opportunity in Kitsilano. 2 strata lots are occupied by the very famous and well-established Sunshine Diner. Sunshine Diner is a 1950's themed diner that is open for breakfast and lunch. The premises are in excellent condition and have been renovated. Very stable tenant with 25 years operating. Lease has 10 years lease starting from 2024. Rentable area (including gross-up) is 1,404 square feet. Enjoyed the high cap rate(S%) and easy management!
Presented by
2649-2685 W Broadway
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