For Sale | 1033 Granville Street | Exceptional Downtown Investment Opportunity

1033 Granville Street, Vancouver, BC Canada

$12,949,000

Price

4.88%

Cap Rate

$632,074.66

NOI

Gallery
Street
Map
Overview
Cap Rate
4.88%
NOI
$632,074.66
Lot Area
6,000 sqft
Year Built
1907
Zoning
DD (Comprehensive Development)
Floors
3
Description

Corbel Commercial is pleased to present an exceptional opportunity to acquire a free standing 3-storey, mixed use asset located at 1033 - 1039 Granville Street in Downtown Vancouver.

The subject property is comprised of 3 Commercial Restaurant/Retail units on the main floor* that are fully leased and 8 massive, 3-bedroom, fully refurbished character residential units* on floors 2 and 3. The building has undergone a substantial renovation to include new glass retail storefronts, upgraded building systems, commercial grade venting systems for commercial kitchens, and fully restored character residential market rental units above. Centrally located in the heart of the Granville Entertainment District known for its vast assortment of bars, dance clubs, restaurants, shops, and vibrant nightlife - this is an excellent income generating investment with potential redevelopment opportunities in the future.


*Approved occupancy with the City of Vancouver is restaurant for units 1033 & 1037, residential for unit 1035 (4 dwelling units on the second storey, 4 dwelling units on the third storey), and retail (limited service food establishment) for unit 1039. Purchaser is responsible for obtaining all necessary municipal approvals and licenses for their occupancy.

Highlights
  • 3 Fully Leased Commercial Restaurant/Retail units on the main floor
  • 8 massive 3-bedroom, fully refurbished character residential units on floors 2 and
  • New glass retail storefronts
  • Upgraded building systems
  • Commercial grade venting systems
Documents
Title
Granville_St._1033.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery