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4990 Victoria Drive
Victoria VE Vancouver V5P 3T6

$4,200,000
Multi-Family Commercial, Retail

Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8082778
Build. Type:
Low Rise (2-4 storeys)
Avison Young is proud to present the opportunity to acquire 4990 Victoria Drive, a strategically located corner property in the heart of Vancouver, British Columbia. 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. The property comprises a well-positioned commercial retail unit at grade and three fully leased residential rental units on the second floor, providing stable holding income from day one. Its corner lot configuration enhances accessibility and future design flexibility-key attributes for urban development. As a prime candidate for land assembly, 4990 Victoria Drive represents a pivotal piece for unlocking greater density and value through the City of Vancouver's C-2 zoning policy, which supports mixed- use redevelopment.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Retail
Construction:
Frame Wood, Mixed
Num Storeys:
2
Building Type:
Low Rise (2-4 storeys), Mixed Use
# Units Total:
4
# Other Units:
1
# of Apartments:
3
# of Bachelor Apartments:
1
# of 1 Bedroom Apartments:
1
# of 2 Bedroom Apartments:
1
Year built:
1993 (Age: 33)
Living Area:
3,468 sq. ft.
Subject Property Depth:
96'10"
Subject Property Width:
62'10"
Subject Space Depth:
96'
Subject Space Width:
62'
Retail Size:
1,866 sq. ft.
Other Size:
1,605 sq. ft.
Lot Area:
6,098.4 sq. ft.
Acres Freehold:
6,098 sq. ft.
Zoning:
Potential to Redevelop:
Zoned C-2 commercial offering rental or condo development, No
Fencing:
Parking:
Guest
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Fully Serviced, Phone Connected
Sewer:
Public Sewer, Sanitary Sewer
Parcel Number:
014162768
Taxes:
$30,819.4 / 2026
No
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Zoned C-2 commercial offering rental or condo development, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Avison Young Commercial Real Estate Services, LP
Data was last updated October 14, 2026 at 10:35 PM (UTC)
Reciprocity Logo
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.