The Opportunity
The NAI ApartmentBlocks Team is pleased to present the opportunity to acquire two separate neighbouring properties located on Commercial Street. 3603 Commercial was built in 1978 comprising of 10 residential rental suites with 6 two-bedroom suites, and 4 one-bedroom suites. The ground floor consists of three retail units, with annual rent increases in place. 3611 Commercial was built in 1968 and consists of a freestanding single-storey industrial building with a gross leasable area of 2,538 square feet on a 3,573 square foot lot. For more information on the current tenancies, please contact the listing agents.
Location Overview
Situated in Vancouver’s vibrant Commercial Drive neighbourhood, the property at 3603–3611 Commercial Street offers a prime location. This bustling area offers a mix of residential, commercial, industrial, and cultural amenities, with diverse shopping, dining, and entertainment options. Its proximity to Downtown provides easy access to the city center, while excellent transportation links and nearby parks cater to outdoor enthusiasts. The neighbourhood’s lively arts scene, festivals, and community events contribute to its vibrant atmosphere, making it an ideal place to live, work, and experience a diverse and enriching lifestyle.
Investment Highlights/Building Upgrades
- Roof replaced in 2014
- Individual electric hot water tanks (paid by tenants)
- Secured underground parking
- Individual storage lockers on each floor
- Laundry room on each floor (owned washer and dryer)
