Prime Fully Leased Corner Property Ideal For Owner/User or Future Development
188 W 5th Ave, Vancouver, BC V5Y 1H7
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Description
Address
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
- Corner lot – southeast corner of West 5th Avenue and Columbia Street
- Fully renovated in 2006 to laboratory use
- Air conditioned
- 3 phase, 600-volt power
- 4 parking stalls
- Double doors for loading access
The adjacent property, 164 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 | 3,997 SF |
| Lot Size | 5,343 SF |
| Zoning | I-1 |
| Price | $4,995,000.00 |
| Property Taxes | $61,220.90 (2025) |
| Potential Buildable Area | 24,043 SF approximately (4.5 FSR) |
| Lease Expiry | Q4 2027 - no further option to renew |
