Commercial Real Estate for Lease in Vancouver BC

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3309 E 23rd Avenue
Renfrew Heights Vancouver V5R 6E4

$[***]
Retail

Status:
For Lease
Prop. Type:
Retail
MLS® Num:
C8060130
1 of only 2 remaining commercial retail units at 22 Terrace, this property offers frontage along 23rd Avenue in the burgeoning Renfrew Heights neighborhood. Anchored by Chong Lee Market, the commercial units at 22 Terrace cater to the 98 residential homes above and the surrounding family oriented neighborhood. The property also features 67 underground parking stalls dedicated to the commercial sector for shopping convenience. The property is a mere 15-minute drive from downtown Vancouver and a 20-minute drive from the Vancouver International Airport. Nearby SkyTrain stations, including Rupert Station and 29th Ave. Stations enhance accessibility, providing easy connectivity to other areas in the lower mainland.
Sale Type:
Lease
Lease Type:
Net
Sublease:
Yes
Ownership:
Freehold
Property Type:
Retail
Commercial Type:
Retail
Name of Complex/Subdivision:
22 Terrace
Year built:
2023 (Age: 2)
Leasable Area:
1,208 sq. ft.
Subject Space Width:
1208'
Retail Size:
1,208 sq. ft.
Minimum Divisible Area:
1,208 sq. ft.
Class Of Space:
Class A
Lot Area:
0 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
800169856
No
Water Rights:
No
Roof:
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Basic Rent per Annum per SF:
29.0
Additional Rent per Annum per SF:
18.0
Previous Price:
Original Price:
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated November 27, 2025 at 01:40 AM (UTC)
Reciprocity Logo
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.