1497-1499 MARINE DRIVE, West Vancouver1497-1499 MARINE DRIVE, West Vancouver — photo 2
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For Sale · Retail

1497-1499 MARINE DRIVE, West Vancouver

1497-1499 MARINE DRIVE, West Vancouver, BC V7T1B8

$4.6M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

86%

Year Built

1979

About this property

Exceptional commercial opportunity on busy Marine Drive. With 2 strong and long-standing tenants. Perfect for investors looking for a turn-key income property in a high-traffic location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$4.58M
Down payment30% · $1.37M
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$21K

Projected NOI

$236K

Annual cash flow

$-17K

Cash-on-cash

-1.27%

DSCR

0.93

Going-in cap

5.16%

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

141,091

Households

66,089

Median income

$62,500

Median age

38.8

Daytime population

164,534

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 1497-1499 MARINE DRIVE, West 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.