Multifamily for Sale

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465-485 Victoria Drive
Hastings Vancouver V5L 4C9

$2,175,000
Multi-Family Commercial

Aerial view
Photo 1: 465-485 Victoria Drive, Vancouver
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8072833
Build. Type:
Freestanding
PRIME CORNER LEGAL TRIPLEX ON 41X122 lot. Four-unit rental property substantially updated in 2025 with new roof, hot water tank, freshly painted and new bachelor suite. Two 2-bedroom 1 bath units (876 sf each), One 3-bedroom 1 bath (1030 sf) and One Bachelor unit (526 sf). Perfect for investor to hold, live, rent or build in a prime central location off Commercial "The Drive" shopping district. Previously approved building plan for 4 storey, 11-unit dwelling in RM-4 Zoning. 95/100 Walk Score. Central location steps to transit, grocery stores, parks and schools. Potential 5% Cap rate with additional upside for future development.
Sale Type:
Asset
Sublease:
Yes
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
Freestanding, Low Rise (2-4 storeys)
# of Bachelor Apartments:
1
# of 1 Bedroom Apartments:
2
# of 3 Bedroom Apartments:
1
Year built:
1937 (Age: 88)
Living Area:
5,042 sq. ft.
Subject Property Depth:
122'4"
Subject Property Width:
41'2¾"
Contiguous Spc:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
5,042 sq. ft.
Zoning:
Potential to Redevelop:
PLANS PREVIOUSLY APPROVED FOR 11 UNITS, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Parcel Number:
032029721
Taxes:
$6,243.05 / 2025
Balconies, Laundry Facility
No
Common Water Heater
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
PLANS PREVIOUSLY APPROVED FOR 11 UNITS, No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 465-485 Victoria Drive, Vancouver
    Aerial view
  • Photo 2: 465-485 Victoria Drive, Vancouver
    Unfurnished living room with a textured wall, hardwood / wood-style flooring, and a textured ceiling
  • Photo 3: 465-485 Victoria Drive, Vancouver
    Kitchen with white appliances, white cabinetry, and light countertops
  • Photo 4: 465-485 Victoria Drive, Vancouver
    Kitchen featuring white appliances, backsplash, radiator heating unit, light countertops, and white cabinetry
  • Photo 5: 465-485 Victoria Drive, Vancouver
    Bathroom featuring vanity and shower / bath combination
  • Photo 6: 465-485 Victoria Drive, Vancouver
    Full bathroom with bathing tub / shower combination, radiator, and dark tile patterned floors
  • Photo 7: 465-485 Victoria Drive, Vancouver
    Unfurnished bedroom featuring radiator heating unit and dark wood finished floors
  • Photo 8: 465-485 Victoria Drive, Vancouver
    Photo 8 of 32
  • Photo 9: 465-485 Victoria Drive, Vancouver
    Living room with a textured wall, wood finished floors, radiator, and healthy amount of natural light
  • Photo 10: 465-485 Victoria Drive, Vancouver
    Detailed view of a textured wall and wood finished floors
  • Photo 11: 465-485 Victoria Drive, Vancouver
    Office space with a textured wall, a textured ceiling, and wood finished floors
  • Photo 12: 465-485 Victoria Drive, Vancouver
    Dining area featuring light tile patterned floors and radiator
  • Photo 13: 465-485 Victoria Drive, Vancouver
    Bedroom featuring a closet, radiator, and carpet flooring
  • Photo 14: 465-485 Victoria Drive, Vancouver
    Full bath featuring vanity, shower / bath combo with shower curtain, radiator, dark tile patterned flooring, and rail lighting
  • Photo 15: 465-485 Victoria Drive, Vancouver
    Exterior view
  • Photo 16: 465-485 Victoria Drive, Vancouver
    Living area featuring wood finished floors and a fireplace
  • Photo 17: 465-485 Victoria Drive, Vancouver
    Living room with wood finished floors
  • Photo 18: 465-485 Victoria Drive, Vancouver
    Sitting room with healthy amount of natural light and dark wood finished floors
  • Photo 19: 465-485 Victoria Drive, Vancouver
    Living area with wood finished floors
  • Photo 20: 465-485 Victoria Drive, Vancouver
    Kitchen with open shelves, white cabinetry, white appliances, and light countertops
  • Photo 21: 465-485 Victoria Drive, Vancouver
    Kitchen featuring white appliances, white cabinetry, light countertops, and plenty of natural light
  • Photo 22: 465-485 Victoria Drive, Vancouver
    Bedroom featuring wood finished floors and a desk
  • Photo 23: 465-485 Victoria Drive, Vancouver
    Bedroom featuring multiple windows and dark wood-style floors
  • Photo 24: 465-485 Victoria Drive, Vancouver
    Full bath featuring shower / bathtub combination, vanity, a baseboard heating unit, and dark tile patterned flooring
  • Photo 25: 465-485 Victoria Drive, Vancouver
    View of yard
  • Photo 26: 465-485 Victoria Drive, Vancouver
    Bathroom featuring tile patterned floors, vanity, tile walls, and decorative backsplash
  • Photo 27: 465-485 Victoria Drive, Vancouver
    Kitchen with white appliances, light countertops, white cabinetry, decorative backsplash, and open shelves
  • Photo 28: 465-485 Victoria Drive, Vancouver
    Below grade area featuring baseboard heating and light wood finished floors
  • Photo 29: 465-485 Victoria Drive, Vancouver
    Kitchen with white appliances, white cabinetry, open shelves, light countertops, and recessed lighting
  • Photo 30: 465-485 Victoria Drive, Vancouver
    View of building exterior
  • Photo 31: 465-485 Victoria Drive, Vancouver
    View of yard
  • Photo 32: 465-485 Victoria Drive, Vancouver
    View of room layout
Listed by Success Realty & Insurance Ltd
Data was last updated October 14, 2025 at 10:40 PM (UTC)
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