Restaurant Space for Sale in Vancouver
259 Powell Street
Vancouver
V6A 1G3
$5,900,000
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Commercial Sale
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The York is a prime mixed-use investment in a core Vancouver location, featuring a four-storey character building with extensive recent updates. It includes 36 residential units and the award-winning Cuchillo restaurant on the main level and renovated basement, securing a stable tenant mix. With 13,200 sq. ft., the property offers steady cash flow from residential and commercial leases, plus potential revenue growth amid local revitalization. This is an excellent opportunity for investors seeking a low-risk, well-maintained asset in a vibrant, evolving urban neighborhood.
- Sale Type:
- Asset
- Property Type:
- Commercial Sale
- Commercial Type:
- Multi Family
- Construction:
- Brick/Masonry, Frame Wood
- Name of Complex/Subdivision:
- The York
- # of Apartments:
- 36
- Year built:
- 1907 (Age: 118)
- Living Area:
- 13,200 sq. ft.
- Subject Property Depth:
- 122'
- Subject Property Width:
- 25'
- Retail Size:
- 5,100 sq. ft.
- Title to Land:
- Freehold
- Lot Area:
- 3,049.2 sq. ft.
- Zoning:
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- Potential to Redevelop:
- Redevelopment possibilities as outlined in the DTES OCP, No
- Fencing:
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- # Of Parking Spaces - Total:
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- Road Frontage:
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- Heating:
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- Electricity:
- No
- Sewer:
- Public Sewer
- Env Assmt Comment:
- Stage 1 (2011). No Further investigation recommended
- Parcel Number:
- 015701476
- Taxes:
- $21,910.9 / 2024
- No
- ONE PERCENT (1.00%)
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- Redevelopment possibilities as outlined in the DTES OCP, No
- Env Assmt Phase:
- Yes
- Cap Rate %:
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- Gross Income:
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- Oper. Expenses:
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- Other Income:
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- Effective Gross Income:
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- Net Operating Income:
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- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- C8064225
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Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated April 13, 2025 at 12:40 PM (UTC)
- Karan Ghai
- REXARA REALTY INC
- 1 (778) 3173190
- info@karanghai.ca
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.
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