Multifamily for Sale

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130 12000 1st Avenue
Steveston Village Richmond V7E 3L9

$950,000
Multi-Family Commercial

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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8082642
Build. Type:
Condo Strata Complex
A rare opportunity to live above where you work or enjoy two cash-flowing tenancies in one property at Okano Court in Steveston. This 6-unit strata is self-managed with pride and offers individual strata units featuring 2-bedroom, 2-storey residential units over street-level retail units. The residential component of this strata unit is 1,153 square feet, spotless, and move-in ready with one parking stall. The commercial component houses Steveston's iconic D Original Sausage Haus, renowned for its 5th-generation family recipes and as a go-to for fine imported cheeses and meats from around the globe. This 524-square-foot street-level CRU is currently tenanted until November 2028, and the tenant would love to stay on. Possibilities abound here, whether for a homeowner who will live above and enjoy income from the CRU, a business owner who is looking to secure their next location in one of the Lower Mainland's most popular tourist locations, or an investor looking to enjoy a dual-income property.
Sale Type:
Asset
Lease Term:
524 Months
Sublease:
Yes
Ownership:
Strata
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Name of Complex/Subdivision:
Okano Port
Num Storeys:
3
Building Type:
Condo Strata Complex, Mixed Use, Street-Level Storefront
# Bldgs:
1
# Units Total:
12
# Other Units:
6
# of Apartments:
6
# 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:
6
# of 3 Bedroom Apartments:
0
Home Owners Association:
Yes
Year built:
1988 (Age: 38)
Living Area:
1,677 sq. ft.
Subject Property Width:
0'
Contiguous Spc:
524 sq. ft.
Retail Size:
524 sq. ft.
Other Size:
1,153 sq. ft.
Minimum Divisible Area:
524 sq. ft.
Lot Area:
0 sq. ft.
Zoning:
Potential to Redevelop:
Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Cooling:
Varies by Unit, Air Conditioning
Electricity:
Yes
Services Connected:
Curb/Gutter, Electricity Connected, Garbage Collection, Street Lighting, Sidewalk
Sewer:
Public Sewer
Parcel Number:
011932392
Taxes:
$4,530.59 / 2025
Balconies, Storefront
No
No
# Elevators:
0
# Grade Doors:
2
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$529.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by RE/MAX Westcoast
Data was last updated October 8, 2026 at 10:35 AM (UTC)
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