Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
3 Storey, Three Or More Levels
Ownership:
Freehold NonStrata
Year built:
1965
(Age: 60)
Living Area:
6,216 sq. ft.577 m2
Building Area - Total:
6,216 sq. ft.577 m2
Levels:
Three Or More
Bedrooms:
9
(Above Grd: 9)
Bathrooms:
9.0
(Full:9/Half:0)
Taxes:
$11,443 /
2025
Lot Area:
6,100 sq. ft.567 m2
Lot Frontage:
50'15.2 m
Lot Details:
50 x 122
Outdoor Area:
Balcony
Plan:
VAP1067, 1771
Name of Complex/Subdivision:
The Drive
Construction Materials:
Frame Wood, Mixed (Exterior), Stucco
No. Floor Levels:
3.0
Floor Area Fin - Above Main:
2,072 sq. ft.192 m2
Floor Area Fin - Above Main 2:
2,072 sq. ft.192 m2
Floor Area Fin - Main:
2,072 sq. ft.192 m2
Floor Area Fin - Total:
6,216 sq. ft.577 m2
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Rear Access
Parking:
Open
Parking Total/Covered:
5 / 0
Storage
Balcony
Laundry In Unit, Storage
Mountain
No Fire Sprinkler System, Smoke Detector(s)
6
Smoke Detector(s)
Laundry In Unit, Storage
In Unit
Age Restrictions:
No
By-Law Infractions:
0
Income as at Date:
May 01, 2025
Tax Utilities Included:
false
# Units Total:
9
# 1Bdrm Units:
9
Home Owners Association:
No
Land Lease:
No
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Data was last updated October 28, 2025 at 07:40 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,698,000
Min list price:
$999,000
Max list price:
$9,800,000
Avg days on market:
42
Min days on market:
10
Max days on market:
291
Avg price per sq.ft.:
$714.41
These statistics are generated based on the current listing's property type
and located in
Vancouver East. Average values are
derived using median calculations. This data is not produced by the MLS® system.