1835 West 1ST AVENUE, Vancouver, British Columbia V6J5J1

Property Description

Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401 sq. ft. street-front unit offers strong exposure and pedestrian traffic in one of Vancouver's most vibrant neighbourhoods. Leased to Grab Glow Grow under a new 5-year lease generating net rent of $42,000 annually, with 3% yearly increases. Offered at $899,000, providing a 4.67% first-year return and projected 5.26% return by Year 5. The proposed redevelopment of the nearby former Molson Brewery site may further support future density, commercial activity and long-term value appreciation. Buyers must conduct their own due diligence and independently verify all details. (id:5764)