Retail for sale
1835 W 1st Avenue, Kitsilano, Vancouver
$899,000
Features
Year Built
1995
Floor Area
401 sqft
Gross Property Tax
$4,219.89 /year
Building Type
Condo Strata Complex, Mixed Use, Street-Level Storefront
Building / Complex Name
Yorkville South
Zoning
CD-1 (305)
Bylaws Restriction
None Known, Restrictive Covenant
Description
Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401sf street-front retail unit enjoys strong pedestrian traffic and great exposure in one of Vancouver’s most vibrant neighbourhoods. Leased to Grab Glow Grow, a wellness-focused quick-service concept, with a new 5-year lease generating Net $42,000 annually and 3% yearly increases. Offered at $899,000, delivering a 4.67% first-year return and projected 5.26% return by Year 5. A fantastic chance to own stable retail income in the heart of Kitsilano.
MLS® Number C8077141