4990 Victoria Drive, Vancouver

Investment Overview

Avison Young is proud to present the opportunity to acquire 4990 Victoria Drive, a strategically located C-2 zoned corner property in the heart of Vancouver. Situated along the prominent Victoria Drive corridor, this property offers exceptional visibility and frontage, making it an ideal asset for both immediate income and long-term redevelopment potential.

Investment Highlights

• One CRU and 3 residential units totaling 3,468 sf of net area
• All residential units have electric baseboard heating and individual electric hot water tanks
• Roof replacement to tar and gravel completed ~10 years ago
• 6,079 sf corner lot zoned C-2 (development potential: 2.50 FSR to 3.70 FSR)
• 62.8 feet of frontage on Victoria Drive
• New ten (10) year triple net retail lease featuring rent escalations, extension option and a demolition clause
• Three (3) residential units featuring significant rental upside