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$7,500,000

928 COMMERCIAL DRIVE

Vancouver · MLS® C8081112

12,830 sq ft · 3,432 sq ft lot

House · Multi-family · built 2024 · 60 days on market

Listed by Allen Ko, Renanza Realty Inc.

Realtor's description

Rare opportunity to acquire a newly completed mixed-use investment property in the heart of Vancouver's vibrant Commercial Drive neighbourhood. This attractive five-storey building features 10 modern rental apartments plus approximately 937 sq. ft. of high-exposure street-front retail, creating a diversified income stream from one well-located asset. Completed in 2024, the property offers approximately 12,830 sq. ft. of building area, three secured parking stalls, contemporary finishes, balconies, elevator service and convenient rear-lane access. Situated along one of East Vancouver's most established shopping, dining and entertainment corridors, with excellent walkability, transit connections and strong rental demand. An ideal opportunity for investors seeking a newer, low-maintenance Vancouver rental property with long-term income and growth potential. Detailed financial information and supporting documents are available to qualified purchasers upon execution of a confidentiality agreement.

Property details

Type: House, Multi-family
Living area: 12,830 sq ft
Lot: 3,432 sq ft
Parking: 0
Year built: 2024
Property tax: $29,491 / yr
Days on market: 60
MLS®: C8081112

Features

Lane
Passenger elevator

Price check

Price per sq ft: $585 vs $1,009 median for houses in Vancouver for sale (1703)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 60 days

The market here

Listed now: 56 days; median for 1814 houses for sale; this one 60 days

Houses in Vancouver. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$35,134/mo

Mortgage $32,677 · Tax $2,458

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$32,677/ monthly

loan $6,000,000

25-year amortization

down payment20% · $1,500,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $3,803,034
property transfer tax: $293,000; BC general rate
cash to close: $1,793,000; down + PTT
total paid: $9,803,034

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Lot outline: 319 m² (3,434 sq ft) · PID 030-080-720. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

VancouverGoogle Maps ↗

Location

VancouverGoogle Maps ↗

Schools

Catchment schools, Vancouver School Board

Elementary Britannia Elementaryhomes in this catchment
300 m away · 1001 Cotton Dr, Vancouver · 604-713-8266
Secondary Britannia Secondaryhomes in this catchment
300 m away · 1001 Cotton Dr, Vancouver · 604-713-8266

From the Vancouver School Board's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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