Retail for Sale — Vancouver, BC
$10,700,000
2947 GRANVILLE STREET, Vancouver, BC V6H3J6
Property details
Structured details
- Zoning
- C3A
- Annual property tax
- $119,436 (2025)
- Lot dimensions
- 6480
- Utilities
- Natural Gas, Electricity, Telephone
- Lot features
- Disabled Access, Lane
Listing Information
- MLS®
- C8079808
- Listed
- June 23, 2026
- Time on market
- 84 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
5.1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential. (id:63159)
Financing calculator
Estimate your monthly payment on the $10,700,000 asking price.
Financing details
- Monthly debt service
- $103,856
- Cash required at close
- $2,165,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Vancouver)
- Population
- 662,248(+4.9% since 2016)
- Population density
- 5,749.7/km²
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 44.9%
- Postsecondary below bachelor's
- 21.4%
- High school diploma
- 23.2%
- No certificate/diploma
- 10.5%
Population aged 15 and over.
Commute
- Car, truck or van
- 56.2%
- Public transit
- 22.9%
- Walked
- 13.1%
- Bicycle
- 5.3%
- Other
- 2.6%
Commute duration
- Under 15 min
- 20.0%
- 15–29 min
- 40.1%
- 30–44 min
- 26.3%
- 45–59 min
- 7.9%
- 60+ min
- 5.6%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Crab Hot Lau · 2993 Granville Street29m
- Bin 4 Burger Lounge · 2996 Granville Street53m
- The Stable House Bistro · 1520 West 13th Avenue54m
- PokéAye · 3010 Granville Street84m
- Saba Foods · 2881 Granville Street87m
Cafes (5+)
- Bean Around The World · 2977 Granville Street18m
- Nero Belgian Waffle Bar · 2861 Granville Street111m
- Starbucks442m
- Blenz Coffee · 2506 Granville Street469m
- Dose Espresso Bar · 1517 West Broadway505m
Grocery (3)
- Meinhardt · 3002 Granville Street74m
- Loblaws · 1461 West Broadway517m
- La Win Supermarket · 1702 West Broadway577m
Parks (5+)
- 13th @ Granville Parklet66m
- Granville Park361m
- Unnamed · 1595 West 10th Avenue419m
- Shaughnessy Park496m
- Unnamed580m
Gyms (5+)
- VIP Fitness & Lifestyle · 1541 West Broadway509m
- Spectrum Pilates · 1727 West Broadway626m
- GoodLife Fitness · 1401 West 8th Avenue636m
- Oxygen Yoga & Fitness · 1801 West Broadway714m
- Impact Krav Maga & Fitness · 1805 West Broadway719m
Pharmacies (4)
- Shoppers Drug Mart · 2888 Granville Street108m
- Pharmasave · 2580 Granville Street409m
- Shoppers Drug Mart · 1780 West Broadway629m
- Shaughnessy Pharmacy · 1265 West Broadway652m
Banks & ATMs (5+)
- CIBC · 2904 Granville Street74m
- Prospera Credit Union · 3088 Granville Street134m
- TD · 2801 Granville Street153m
- Scotiabank · 2804 Granville Street161m
- CTBC Bank · 2799 Granville Street187m
Healthcare (5+)
- Hycroft Medical Clinic · 3195 Granville Street222m
- Medical Clinic · 2578 Granville Street415m
- Pacific Laser Eye Centre · 1401 West Broadway543m
- Pacific Derm · 2425 Hemlock Street597m
- Dr. Esta Bovil · 1333 West Broadway620m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Northbound Granville St @ W 15 Ave | 112m | |
| Southbound Granville St @ W 12 Ave | 132m | |
| Southbound Granville St @ W 15 Ave | 178m | |
| Westbound W 12 Ave @ Granville St | 180m | |
| Northbound Granville St @ W 12 Ave | 216m | |
| Eastbound Marpole Ave @ McRae Ave | 228m |
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All in Vancouver →Frequently asked questions
What is the asking price for this business?
The asking price is $10,700,000.
Where is this business located?
This listing is located in Vancouver, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.