3603-3609 & 3611 Commercial Street, Vancouver

3603-3609 & 3611 Commercial Street | Vancouver, BC

3603-3609 & 3611 Commercial Street Sold

SOLD $7,412,000 

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)

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The Suite Mix

# of Units Average Size
Residential 1-Bed4-
Residential 2-Bed6-

The Key Details

Sold Price$7,412,000
Sold DateJune 20, 2024
Total Lot Size10,710 SF (90 ft x 119 ft)
Year Built1978 / 1968
NCP DensityUp to 2.5 FSR or 26,775 BSF
Property Taxes (2023)$47,615
Combined Assessed Value (2023)$7,638,500

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.