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4990 Victoria Dr 3,468 SF Retail Building Vancouver, BC V5P 3T6 $3,014,405 USD ($869.21 USD/SF)
Investment Highlights
- 6,079 sf C-2 zoned corner lot with excellent visibility along Victoria Drive.
- Strong redevelopment potential with multiple FSR options under C-2 zoning, including both condo and secured rental pathways.
- Updated tar-and-gravel roof installed approximately ten years ago.
- Mixed-use building with one commercial unit and three fully leased residential units providing holding income.
- 62.8 ft of frontage on Victoria Drive and 96.8 ft along East 34th Avenue.
- Surrounded by key neighbourhood amenities including parks, supermarkets, and schools.
Executive Summary
This offering presents the opportunity to acquire a 6,079-square-foot C-2 zoned corner property located along the highly visible Victoria Drive corridor in Vancouver. The property consists of a ground-floor commercial retail unit and three fully leased residential units on the second floor, providing stable holding income. Its corner configuration enhances future design flexibility and visibility, making it an attractive option for investors, developers, and land assembly groups seeking mixed-use redevelopment potential under the City of Vancouver’s C-2 zoning. With strong frontage on both Victoria Drive and East 34th Avenue, the property offers excellent long-term upside through density increases supported by the C-2 policy framework.
Strategically positioned in the heart of Vancouver, the property benefits from prominent exposure along Victoria Drive with 62.8 feet of frontage and an additional 96.8 feet on East 34th Avenue. The surrounding neighbourhood offers convenient access to parks, schools, and major retailers such as 88 Supermarket, T&T Supermarket, and London Drugs. Recent building upgrades include a tar-and-gravel roof replacement completed approximately ten years ago. The residential units feature electric baseboard heating and individual hot water tanks, ensuring operational ease for future ownership.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
About 4990 VICTORIA DR , VANCOUVER, BC V5P 3T6
This offering presents the opportunity to acquire a 6,079-square-foot C-2 zoned corner property located along the highly visible Victoria Drive corridor in Vancouver. The property consists of a ground-floor commercial retail unit and three fully leased residential units on the second floor, providing stable holding income. Its corner configuration enhances future design flexibility and visibility, making it an attractive option for investors, developers, and land assembly groups seeking mixed-use redevelopment potential under the City of Vancouver’s C-2 zoning. With strong frontage on both Victoria Drive and East 34th Avenue, the property offers excellent long-term upside through density increases supported by the C-2 policy framework. Strategically positioned in the heart of Vancouver, the property benefits from prominent exposure along Victoria Drive with 62.8 feet of frontage and an additional 96.8 feet on East 34th Avenue. The surrounding neighbourhood offers convenient access to parks, schools, and major retailers such as 88 Supermarket, T&T Supermarket, and London Drugs. Recent building upgrades include a tar-and-gravel roof replacement completed approximately ten years ago. The residential units feature electric baseboard heating and individual hot water tanks, ensuring operational ease for future ownership.
Nearby Major Retailers
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4990 Victoria Dr
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