3947 Knight St 3,467 SF 100% Leased Retail Building Vancouver, BC V5N 3L8 $2,182,305 USD ($629.45 USD/SF)

This property offers a remarkable opportunity along Vancouver's bustling Knight Street corridor in the Kensington-Cedar Cottage neighborhood. Strategically positioned at a high-profile corner of Knight and Kingsway, this site is ideal for investors seeking exposure in a central urban environment. The parcel spans 3,695 square feet of land and includes a two-story mixed-use building currently configured with residential space above and retail at grade. The owner-occupied upper level features approximately 1,526 square feet of living space with three bedrooms, two bathrooms, and a large deck, while the ground level hosts two retail units, one delivering immediate rental income. Zoned C-2, the property allows for a range of commercial and residential redevelopment options, unlocking long-term value.
With excellent connectivity via Kingsway and proximity to downtown Vancouver, this location benefits from significant vehicular and pedestrian traffic, established residential density, and surrounding retail amenities. Investors can leverage strong area fundamentals and potential for future upgrades or redevelopment for enhanced revenue streams.