For Sale · Retail

289 DAVIE STREET, Vancouver

289 DAVIE STREET, Vancouver, BC V6B5Z7

$5.4M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

100%

Year Built

1994

About this property

Own 1,961 sq. ft. of street-front commercial strata in the heart of Yaletown, just steps from the Yaletown-Roundhouse Canada Line station. Leased to BCAA, the property combines an established tenant with a prominent Davie Street storefront and direct access from the sidewalk. Broad display windows and visible storefront signage give the premises a strong presence along a pedestrian corridor linking transit, neighbourhood shops and the waterfront. Inside, the existing buildout includes a reception desk and waiting area, multiple service stations, private offices with glazed partitions, and a staff kitchenette. Surrounded by residential towers, restaurants and everyday services, the location draws from both the immediate neighbourhood and the wider Canada Line network. For investors, 289 Davie Street offers an opportunity to acquire an income-producing commercial strata unit with a recognizable tenant and a storefront in one of downtown Vancouver's most walkable neighbourhoods. Lease information on request. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5.43M
Down payment30% · $1.63M
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$25K

Projected NOI

$384K

Annual cash flow

$83K

Cash-on-cash

5.11%

DSCR

1.28

Going-in cap

7.07%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

72,961

Households

33,126

Median income

$72,500

Median age

40.8

Daytime population

115,634

5-yr growth

7.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 289 DAVIE STREET, Vancouver.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.