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Stratified investment property

2928 Commercial Drive, Vancouver

SOLD $11,900,000

Price $14,200,000
Property type Stratified rental component
Units 30
Storeys Levels 2-4 within a four-storey building
Net rentable area 24,496 SF
Year built 1991
Lot size 13,860 SF (132’ x 105’)
Zoning C-2C1
Rental rate $2.42
Cap rate 3.7%
Gross income multiplier 19.6
Parking 30 underground stalls
Price per SF $580
Legal description Strata Lots 5−34 District Lot 264A Strata Plan LMS79
Sale price $11,900,000
Sale date 08/05/2025

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