Prime Owner/User or Development Opportunity in Mount Pleasant with Holding Income
164-188 W 5th Ave, Vancouver, BC V5Y 1H7
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Description
Address
164-188 W 5th Ave, Vancouver, BC V5Y 1H7
Neighborhood: Mount Pleasant
Location
The Subject Property is strategically located in the dynamic evolving Mount Pleasant neighbourhood of Vancouver. This area is highly sought after due to its close proximity to Downtown, Kitsilano, Strathcona and provides outstanding SkyTrain connectivity via Broadway-City Hall, Olympic Village and new Mount Pleasant Station. With excellent walkability, transit access, and a rich mix of lifestyle and employee amenities Mount Pleasant has become a hub for technology, creative industries and professional offices.
Highlights
- Two buildings finished as Bio-tech usage with ancillary office
- 94.74’ of total frontage on West 5th
- Grade level loading (164 West 5th)
- 12’ ceiling heights (164 West 5th)
- Double doors for loading access (188 West 5th)
- Air conditioned
- 3 phase, 600-volt power
- 4 parking stalls per building
- Corner lot
| Address | Lot Size | Building Size |
|---|---|---|
| 164 West 5th Ave | 6,039 SF | 7,920 SF |
| 188 West 5th Ave | 5,343 SF | 3,997 SF |
| Total | 11,382 SF | 11,917 SF |
Property Details
| Property Status | For Sale |
| Property Type | Development, Industrial, Investment, Land |
| Property Size | 11,917 SF |
| Lot Size | 11,382 SF |
| Zoning | I-1 |
| Price | $11,250,000.00 |
| Property Taxes | $123,049.30 (2024) |
| Potential Buildable Area | 52,546 SF approximately (4.5 FSR) |
