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3589 Commercial St 5,452 SF 100% Leased Retail Building Vancouver, BC V5N 4E9 $2,840,722 USD ($521.04 USD/SF) 5% Cap Rate
Investment Highlights
- Mixed-use building with 4 commercial units and 4 residential units, totalling approximately 6,000 SF.
- Completely renovated in 2012 to a high standard throughout.
- Located within walking distance to Trout Lake, community amenities, and neighbourhood schools.
- Fully leased property offering stable investment performance.
- Residential units feature in-suite washer/dryers and separate heat and hot water.
- Positioned in a trendy Cedar Cottage corridor with cafés, shops, and strong pedestrian activity.
Executive Summary
3589–3599 Commercial Street is a renovated mixed-use investment property located on a prominent corner in Vancouver’s sought-after Cedar Cottage neighbourhood. The two-storey building comprises four ground-floor commercial units and four well-appointed residential units above, totalling approximately 6,000 SF of leasable area. Fully leased to a mix of commercial and residential tenants, the property offers stable income through a diversified tenant base and benefits from high-quality upgrades completed in 2012.
Situated at the intersection of Commercial Street and East 20th Avenue, the property enjoys a walkable, transit-friendly location surrounded by eclectic shops, cafés, and neighbourhood amenities. The Cedar Cottage area provides access to John Hendry Park (Trout Lake), Trout Lake Community Centre, and several nearby schools, creating a highly desirable residential and commercial environment. The building features a heritage-inspired exterior, strong curb appeal, and unit layouts designed for functional living, including in-suite laundry and individual heat and hot water in each residential suite.
Situated at the intersection of Commercial Street and East 20th Avenue, the property enjoys a walkable, transit-friendly location surrounded by eclectic shops, cafés, and neighbourhood amenities. The Cedar Cottage area provides access to John Hendry Park (Trout Lake), Trout Lake Community Centre, and several nearby schools, creating a highly desirable residential and commercial environment. The building features a heritage-inspired exterior, strong curb appeal, and unit layouts designed for functional living, including in-suite laundry and individual heat and hot water in each residential suite.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,452 SF
Year Built
1910
Price
$2,840,722 USD
Price Per SF
$521.04 USD
Cap Rate
5%
NOI
$142,036 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Zoning
MC-1 - Industrial
Frontage
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
1 of 4
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3589 Commercial St
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