Listed on: Jul 24, 2025
Last Updated: Jul 07, 2026
5,600 ft²Retail / Multifamily$2,299,000Sale
5,600 ft²
Retail / Multifamily
$2,299,000
Sale
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🔥 UNLOCKED REDEVELOPMENT UPSIDE – 5.57% Cap Corner Asset Next to Railtown with New 20% DEOD Upzoning Price: $2,299,000 | Net Cap Rate: 5.57% Stabilized NOI: $138,633 Building Size: 5,600 SQFT Lot Size: 3,050 SQFT ($22' \times 122'$) Investment Highlights: Major 2026 Zoning Windfall: The City of Vancouver has slashed the DEOD inclusionary social housing requirement from 60% down to just 20%, completely unlocking private development feasibility and residual land value. Massive Density Potential: Qualified redevelopments can target an incredible Floor Space Ratio (FSR) of up to 11.0 FSR and heights up to 32 storeys (100m). The Railtown Spillover: Positioned on a high-visibility active corner directly adjacent to Railtown, perfectly capturing top-tier tech, design, and creative-industrial tenancy overflow. Stabilized Multi-Stream Revenue: Secure immediate, reliable cash flow from 1 main-floor commercial retail unit, 3 secured residential rental units, and 1 lane-accessible storage rental unit while drawing your development plans. Premium Infrastructure Links: Just a 5-minute drive to the new St. Paul’s Hospital campus (2027) and 7 minutes to Expo Line SkyTrain stations. Highly walkable, cyclist-friendly, and connected to major arterials. Approved Flexible Uses
The Space
Asking Price$2,299,000
Available Space5,600 ft²
NegotiableYes
Property UseMixed use
MLS® IDC8076073
SourceDirect
The Building
🔑 Property Highlights ✅ 5 Separate Rental Units – Fully tenanted with a strong mix of commercial and residential, generating stable monthly income ✅ Zoning: DEOD – Located in a unique zoning district encouraging mixed-use development with social and secured rental housing components ✅ Zoning Incentive – Potential for a maximum Floor Space Ratio (FSR) of up to 7.0 on corner sites (conditions apply), allowing for major density uplift and redevelopment upside ✅ Corner Lot Advantage: Increased design flexibility and buildable efficiency Two street frontages offer excellent visibility and retail exposure Enhanced light, air, and circulation for future development ✅ Great Location: Steps to Vancouver Port, major employment and trade hub Minutes to the upcoming St. Paul’s Hospital campus – a $2.2B+ healthcare project transforming the surrounding area Close to Main Street–Science World SkyTrain Station and other key transit connections ✅ Rapidly Developing Area – Surrounded by major mixed-use developments, cultural institutions, and city-supported revitalization plans
Property TypeRetail / Multifamily
Building Size5,600 ft²
Lot Size3,050 ft²
ZoningDEOD
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