Mixed Use for Sale in BC
219 Vermilion Avenue
No City Value
V0X 1W0
$2,360,000
Multi-Family Commercial, Retail
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial, Retail
- MLS® Num:
- C8073472
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (21)
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Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price with a solid tenant mix makes this a smart investment for the future.
- Sale Type:
- Asset
- Sublease:
- Yes
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial, Retail
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Num Storeys:
- 2
- Building Type:
- Low Rise (2-4 storeys), Mixed Use, Street-Level Storefront
- # Units Total:
- 10
- # Other Units:
- 10
- # of Apartments:
- 10
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 2
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 7
- # of 2 Bedroom Apartments:
- 1
- # of 3 Bedroom Apartments:
- 0
- Year built:
- 1961 (Age: 64)
- Living Area:
- 17,132 sq. ft.
- Subject Property Depth:
- 100'
- Subject Property Width:
- 130'
- Lot Area:
- 13,068 sq. ft.
- Zoning:
- C2
- Heating:
- Separate Controls
- Cooling:
- Separate Controls
- Electricity:
- No
- Services Connected:
- Fully Serviced
- Sewer:
- Public Sewer
- Parcel Number:
- 032224346
- Taxes:
- $25,500 / 2024
- Laundry Facility
- No
- None Known
- No
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Other
- Env Assmt Phase:
- No
- Original Price:
- $2,360,000
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Listed by RE/MAX Bob Plowright Realty
Data was last updated November 17, 2025 at 04:10 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
Cell: 7783171453
Head Office
8128 128 St #287
Surrey, BC, V3W 1R1
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