Point Grey Home for Sale

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477 Powell Street
Strathcona Vancouver V6A 1G7

$2,670,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8076073
Build. Type:
Mixed Use
Fully Tenanted Mixed-Use Building | Prime Investment Opportunity Originally built in 1991 and thoughtfully updated, this fully tenanted building offers a stable income stream with a 5% capitalization rate. The property features a well-balanced mix of residential and retail space, including three spacious 2-bedroom residential units one retail unit, and one storage—with large private balconies, south-facing park views with individually metered electricity. Designed in a unique courtyard style, the building provides residents with secure and generous outdoor space. On the ground floor, a high-visibility retail unit with soaring ceilings and electronic security shutters is leased to a popular local convenience store, ensuring reliable commercial tenancy and steady foot traffic. Ideally located in a vibrant, fast-growing neighborhood, this property presents a compelling opportunity for investors seeking long-term value and exposure to one of the area's most culturally dynamic corridors.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Mixed Use, Street-Level Storefront
# Units Total:
5
# Other Units:
5
# of Apartments:
3
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
3
# of 3 Bedroom Apartments:
0
Year built:
1991 (Age: 35)
Living Area:
5,600 sq. ft.
Subject Space Depth:
122'
Subject Space Width:
25'
Lot Area:
3,049.2 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Natural Gas Connected
Sewer:
Public Sewer, Sanitary Sewer
Parcel Number:
006962459
Taxes:
$16,537 / 2025
Balconies, Laundry Facility, Storefront, Washrooms Female/Male
No
Water Supply:
Public
Water Rights:
No
Roof:
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
Listed by 1NE Collective Realty Inc.
Data was last updated February 11, 2026 at 01:35 PM (UTC)
PRINCESS PAN
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