938 Commercial Dr Immeuble residentiel 10 lots 4 667 869 € (466 787 €/Lot) Taux de capitalisation 4,04 % Vancouver, BC V5L 3W7

938 Commercial Drive presents a newly constructed, boutique mixed-use property in one of Vancouver’s most dynamic and culturally rich corridors. This five-story building combines 10 modern residential units with a ground-floor retail storefront, offering a rare opportunity for investors seeking a stabilized asset in a high-demand rental market.
The property spans 12,830 square feet and sits on a 3,432-square-foot lot, with zoning designated as C-2C1 Commercial. Designed for long-term value, the building includes a gated garage with three parking spaces, enhancing tenant convenience and security. The retail unit, measuring 937 square feet, provides an additional income stream and benefits from strong pedestrian visibility along Commercial Drive.
Positioned in a neighborhood celebrated for its vibrant retail, dining, and cultural scene, the property boasts a Walk Score of 99 and a Transit Score of 70, ensuring exceptional accessibility. With a cap rate of 4% and an asking price of $7,580,000, this asset offers investors a compelling blend of stability, location strength, and future appreciation potential in one of Vancouver’s most desirable urban settings.