NEW PRICE! Freestanding Commercial Mixed Use Investment Property for Sale in North Vancouver
- Raman Bayanzadeh
- Nov 28, 2025
- 2 min read
Address: 1635-1637 Marine Drive, North Vancouver
Zoning: C9 - Marine Drive Commercial Zone 9
Lot Size: 2,953 SF | 39.5’ x 75’
Construction: 2 Storey Mixed Use
Projected Cap Rate: ~4.00%
Asking Price: $3,820,000
Exceptional Income Potential
This property is currently fully vacant and ready for occupancy at market rental rates. The projected cap rate is 4.0%. This presents a unique opportunity for both investors and business owners.
User Occupier Opportunity with Supplementary Income
You can occupy up to 1,857 SF of prime retail space for your business. The space includes two washrooms and an HVAC system with distribution installed. Additionally, you can generate supplementary income from the upstairs residential tenancies.
Fully Rebuilt Property
The property has been completely rebuilt to the studs. This ensures low maintenance costs and eliminates near-future capital expenses. The added benefit of warranties provides peace of mind for any investor.
Minimal Future Maintenance Costs
With the recent renovations, you can expect minimal future maintenance costs. This is a significant advantage for any commercial property investor.
Unit Mix
The property features:
2 Two-Bedroom Residential Units
1 One-Bedroom Residential Unit
2 High-Exposure Ground-Level Retail Units, each with in-unit storage and a bathroom
This diverse unit mix enhances the property's appeal and income potential. View Full Listing
Contact Information
For additional information, please contact Pouria Nikravan PREC, Raman Bayanzadeh PREC, CCIM, or Chris Hayne.
Conclusion
This freestanding commercial mixed-use investment property in North Vancouver offers a compelling opportunity for both investors and business owners. With its prime location, exceptional income potential, and minimal maintenance costs, it stands out in the market.
Consider this property for your next investment or business venture. The combination of retail and residential units maximizes income potential while providing flexibility for personal use.
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