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1788 Ontario St - Proximity
3,825 SF Retail Condo Unit Offered at $3,705,679 USD in Vancouver, BC V5T 1B3
Investment Highlights
- High profile corner, centrally located in the heart of Olympic Village
- Surrounded by a vibrant amenity base
- Potential for NOI upside upon lease renewals
- Exceptional frontage onto East 2nd Avenue with exposure to +38,424 vehicles per day
- Leased to two strong tenant covenants
Executive Summary
The Subject Property is conveniently located at the corner of East 2nd Avenue and Ontario Street, in Vancouver’s Mount Pleasant neighbourhood. The area has gained its reputation as one of the coolest neighbourhoods in the city thanks in part to its electric mix of diverse, progressive, creative, and arts-focused companies and independent businesses. Encompassing some of the city’s most beloved coffee shops, craft breweries, retail shops, and art murals, this niche submarket has captured the attention of developers, young professionals, and savvy homebuyers who appreciate its unique diversity and its proximity to major arterial routes and Vancouver’s Downtown core.
Property Facts
| Price | $3,705,679 USD | Sale Type | Investment |
| Unit Size | 3,825 SF | Building Class | A |
| No. Units | 1 | Floors | 12 |
| Total Building Size | 71,772 SF | Typical Floor Size | 5,263 SF |
| Property Type | Multifamily (Condo) | Year Built | 2016 |
| Property Subtype | Apartment |
| Price | $3,705,679 USD |
| Unit Size | 3,825 SF |
| No. Units | 1 |
| Total Building Size | 71,772 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Sale Type | Investment |
| Building Class | A |
| Floors | 12 |
| Typical Floor Size | 5,263 SF |
| Year Built | 2016 |
1 Unit Available
Unit 78 & 79
| Unit Size | 3,825 SF | Condo Use | Retail |
| Price | $3,705,679 USD | Sale Type | Investment |
| Price Per SF | $968.80 USD |
| Unit Size | 3,825 SF |
| Price | $3,705,679 USD |
| Price Per SF | $968.80 USD |
| Condo Use | Retail |
| Sale Type | Investment |
Description
Units are located at the base of Proximity, a highly desirable 12 story mixed-use condo building located at the corner of Ontario Street and East 2nd Avenue in Olympic Village. The opportunity comprises two strata units with a total combined area of 3,825 square feet. The units are occupied by two strong tenants with exceptional covenants: RBC, a tier one financial institution, and Hon’s Wonton House, a renowned Vancouver-based restaurant with over 50 years of experience.
Sale Notes
Presenting a unique opportunity to acquire two tenanted retail strata units at 1798 Ontario Street and 25 East 2nd Avenue. For further information on Net Operating Income (NOI) and lease details, please contact agents.
zoning
| Zoning Code | CD-1 |
| CD-1 |
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1788 Ontario St - Proximity
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