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3670 VANNESS AVENUE

City: Vancouver
MLS® Number: C8081029
$2,590,000
Description

Rare opportunity to acquire a well-maintained 1,978 sqft strata retail unit featuring a fully equipped commercial kitchen. Over $800,000 has been invested in the high-quality build-out and equipment. Leased to an established restaurant tenant, providing stable and dependable income. Ideally situated near Joyce'Collingwood SkyTrain Station and surrounded by numerous high-density residential developments, the location benefits from steady foot traffic and strong local demand. The property includes two underground parking stalls and more than 20 free street parking stalls in the immediate area., a significant advantage in this transit-oriented neighborhood. This property presents an attractive investment opportunity for those seeking a passive, income-producing retail asset. NET INCOME : $130,350 /year, CAP RATE : 5% (id:67659)

PROPERTY TYPE
Retail
BEDROOMS
N/A
TAXES
$21,161.80 (2026)
DWELLING TYPE
N/A
BATHROOMS
N/A
LOT AREA
N/A
TOTAL AREA
1,978 square feet
YEAR BUILT
2018
STATUS
Active
Photos
Location
Listing Brokerage
Sutton Group-West Coast RealtyPowered by REALTOR.ca

Contact Leanne Robb PREC

Call 778-918-4169 or email leanne.robb@westcoasthome.ca, or send a message about this listing.