London Pacific is pleased to present The Prince (the "Property"), a rare opportunity to acquire a meticulously maintained six-suite apartment building near Vancouver's iconic Commercial Drive. Located in the highly desirable Grandview-Woodland neighbourhood, the Property is positioned steps from the area's renowned restaurants, cafes, boutiques, and transit. Constructed in 1952, the building sits on a 5,367 SF mid-block lot (approximately 44' x 122') with future assembly potential to complete the block. The Prince offers stable in-place cash flow with meaningful value-add potential through strategic suite turnover, renovations, and rental optimization. Owned and meticulously maintained by the same family for decades, the Property represents a true pride-of-ownership asset in one of Vancouver's most established and supply-constrained rental markets. A secure three-bay garage, accessed from the rear lane, provides additional income through month-to-month rentals while offering future revenue enhancements.
Listing Courtesy of: London Pacific
| Listing ID: | C8082610 |
|---|---|
| List Price: | $2,080,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Tax Annual Amount: | $0 |
| Lot Size Square Feet: | 5,227.2 |
| Lot Size Acres: | 0.12 |
| Waterfront?: | No |
| City: | Vancouver |
| County: | Greater Vancouver |
| Postal Code: | V5L 2C8 |
| Appliances: | Common Water Heater |
| Status: | Active |
| State Or Province: | BC |
| Water Source: | Public |
| Roof: | Torch On |
| Construction Materials: | Frame Wood |
| Listing Contract Date: | 2026-10-05 |
| Lot Size Area: | 5,227.2 |
| Original List Price: | $2,080,000 |
| Sewer: | Public Sewer |
| Lot Size Units: | Square Feet |
| Security Features: | Building Security |
| Structure Type: | Low Rise (2-4 storeys) |
| Tax Year: | 2025 |
| Custom Field For Restrictions: | None Known |
| MLS Area Major: | Vancouver East |
| MLS Area Minor: | Hastings |
| Ownership: | Freehold |
| Parcel Number: | 015163580 |
| Zoning: | RM-4 |
| Add'l Property TypesBccls Additional Property Sub Type: | Land Commercial, Multi-Family Commercial |
| Number Of Bachelor Apts: | 1 |
| Number Of 1 Bdrm Apts: | 5 |
| Potential Redevelopment Comments: | 6 Storey High Density under the Grandview Woodland Plan |
| Potential To Redevelop Yn: | Yes |
| Sale TypeBccls Sale Type: | Asset |
| Subj Prop Depth: | 122 |
| Subj Prop Width: | 44 |
| Total # Of Apts: | 6 |
| Building Features: | Balconies, Laundry Facility |
| Leasable Area Units: | Square Feet |
| Living Area Units: | Square Feet |
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NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.
© 2026 Real Estate Board of Greater Vancouver 
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Real Estate Board of Greater Vancouver data last updated on October 08, 2026 02:06 PM - PT.
Property Last Updated: October 08, 2026 02:06 PM - PT
