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1788 Ontario St
Vancouver, BC V5T 1B3

$3,781,373 USD

Apartments Condo For Sale  •  3,825 SF

Property Details

  • Property Type Apartments
  • Total Building Size 71,772 SF
  • Building Class A
  • Year Built 2016
  • Zoning CD-1
97 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 78 & 79 Retail 3,825 SF $3,781,373 USD
  • Unit Size: 3,825 SF
  • Condo Use: Retail
  • Price: $3,781,373 USD
  • Sale Type: Investment
  • Price/SF: $988.59 USD
Description
Units are located at the base of Proximity, a highly desirable 12 story mixed-use condo building located at the corner of Ontario Street and East 2nd Avenue in Olympic Village. The opportunity comprises two strata units with a total combined area of 3,825 square feet. The units are occupied by two strong tenants with exceptional covenants: RBC, a tier one financial institution, and Hon’s Wonton House, a renowned Vancouver-based restaurant with over 50 years of experience.

Sale Notes
Presenting a unique opportunity to acquire two tenanted retail strata units at 1798 Ontario Street and 25 East 2nd Avenue. For further information on Net Operating Income (NOI) and lease details, please contact agents.

Description 

The Subject Property is conveniently located at the corner of East 2nd Avenue and Ontario Street, in Vancouver’s Mount Pleasant neighbourhood. The area has gained its reputation as one of the coolest neighbourhoods in the city thanks in part to its electric mix of diverse, progressive, creative, and arts-focused companies and independent businesses. Encompassing some of the city’s most beloved coffee shops, craft breweries, retail shops, and art murals, this niche submarket has captured the attention of developers, young professionals, and savvy homebuyers who appreciate its unique diversity and its proximity to major arterial routes and Vancouver’s
Downtown core.

Highlights

High profile corner, centrally located in the heart of Olympic Village
Exceptional frontage onto East 2nd Avenue with exposure to +38,424 vehicles per day
Surrounded by a vibrant amenity base
Leased to two strong tenant covenants
Potential for NOI upside upon lease renewals

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Vancouver (Amtrak Cascades - VIA Rail, Vancouver - Toronto - VIA Rail) 3 min 12 min 0.7 mi
Waterfront Station Eastbound (West Coast Express - TransLink) 6 min - 2.0 mi
Transit/SubwayDriveWalkDistance
Main Street-Science World Station (Expo Line - TransLink) 2 min 7 min 0.4 mi
Olympic Village Station (Canada Line - TransLink) 1 min 11 min 0.6 mi
Broadway-City Hall Station (Canada Line - TransLink) 2 min 15 min 0.8 mi
Broadway-City Hall Station (Canada Line - TransLink) 2 min 15 min 0.8 mi
Stadium-Chinatown Station (Expo Line - TransLink) 3 min 18 min 1.0 mi
AirportDriveWalkDistance
Vancouver International 26 min - 9.0 mi
Adrian Beruschi, PREC 604-662-5138 CBRE
Adrian Beruschi, PREC 604-662-5138 CBRE