Prime Owner/User or Development Opportunity in Mount Pleasant with Holding Income
164 W 5th Ave, Vancouver, BC V5Y 1H7
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Description
Address
164 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
- 2nd floor air conditioned office featuring ample natural light with open plan layout, boardroom and kitchen
- Main floor air conditioned production and lab area
- Grade level loading
- 3 phase, 600-volt power
- 12’ ceiling heights
- 4 parking stalls
The adjacent property, 188 West 5th Avenue, is available for sale. Contact listing agents for additional information.
Property Details
| Property Status | For Sale |
| Property Type | Development, Industrial, Investment, Land |
| Property Size | 7,920 SF |
| Lot Size | 6,039 SF |
| Zoning | I-1 |
| Price | $4,995,000.00 |
| Property Taxes | $61,836.30 (2025) |
| Potential Buildable Area | 27,175 SF approximately (4.5 FSR) |
| Frontage | 49.5' |
| Lease Expiry | Q4 2027 - no further option to renew |
