Commercial Real Estate in BC
- Status:
- Active
- Prop. Type:
- Land Commercial
- MLS® Num:
- C8080659
- Photos (10)
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Situated at the high-visibility intersection of George Street and 5th Avenue, 508 George Street represents a premium, flat, cleared, shovel-ready infill lot uniquely positioned for high-density redevelopment. Holding a highly coveted C1 Downtown Commercial Zoning designation, this site escapes common municipal bottlenecks and is primed to capture immediate market share within the city's rapidly expanding financial and civic district. This bare asset sits as a strategic land bridge directly between the multi-million dollar private modernization of the hotel district and the primary boundaries of the city's major public sector master plans. For a developer, it offers a de-risked environment where surrounding institutional anchors guarantee long-term stability and deep market penetration. The guests at 200 room Ramada hotel next-door was one of the best clients for the previous business located on this site.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Land Commercial
- Lot Area:
- 10,018.8 sq. ft.
- Acres Freehold:
- 10,019 sq. ft.
- Zoning:
- C1
- Electricity:
- No
- Services Connected:
- Electricity at Lot Line, Natural Gas at Lot Line, Sanitary sewer at LotLine, City Water at Lot Line
- Sewer:
- None
- Env Assmt Comment:
- seller stated has on file, it was clean.
- Parcel Number:
- 029979854
- Taxes:
- $10,627.64 / 2026
- No
- Water Supply:
- None, City Water at Lot Line
- Water Rights:
- No
- Env Assmt Phase:
- Yes
- Original Price:
- $799,900
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Expansive cleared lot with surrounding multi-story brick and concrete structures -
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Cleared, level parcel with temporary fencing
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Expansive cleared lot with a wire fence perimeter
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Cleared lot with a perimeter fence, adjacent to a multi-story parking structure
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Image quality insufficient for description
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Expansive development-ready lot featuring perimeter fencing, an adjacent paved sidewalk, and street parking
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Urban development lot featuring a gravel surface, black chain-link fencing, and a concrete sidewalk
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Property Parcel Map. Displaying the outline and identifying information for the property
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Satellite View. Displaying the property's geographic location and surrounding infrastructure with the Parcel Identifier (PID)
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Listed by RE/MAX Core Realty
Data was last updated July 23, 2026 at 12:40 AM (UTC)
- Karan Ghai
- REXARA REALTY INC
- 1 (778) 3173190
- info@karanghai.ca
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Contact Us
Karan Ghai
Cell: 7783173190
Sonia Singh
Head Office
8128 128 St #287
Surrey, BC, V3W 1R1
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.