- Active
928 COMMERCIAL Drive
Vancouver · Multi-family
- Sqft
- 12,830
- Built
- 2024
Listed by Renanza Realty Inc. · MLS® C8081112
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Sign inAbout this home
Rare opportunity to acquire a newly completed mixed-use investment property in the heart of Vancouver's vibrant Commercial Drive neighbourhood. This attractive five-storey building features 10 modern rental apartments plus approximately 937 sq. ft. of high-exposure street-front retail, creating a diversified income stream from one well-located asset. Completed in 2024, the property offers approximately 12,830 sq. ft. of building area, three secured parking stalls, contemporary finishes, balconies, elevator service and convenient rear-lane access. Situated along one of East Vancouver's most established shopping, dining and entertainment corridors, with excellent walkability, transit connections and strong rental demand. An ideal opportunity for investors seeking a newer, low-maintenance Vancouver rental property with long-term income and growth potential. Detailed financial information and supporting documents are available to qualified purchasers upon execution of a confidentiality agreement.
Home facts
- Interior
- 12,830 sq ft
- Lot size
- 3,432 sq ft
- Year built
- 2024
- Property type
- Multi-family
- Listed
- August 10, 2026
Highlights
- Balcony
Features and inclusions
- Lot
- Lane, Passenger elevator
Rooms and building
- Sewer
- Storm sewer
- Water
- Utilities
- Water, Sewer, Electricity
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $35,548
- Property tax
- $2,192/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $37,890
Purchase snapshot
- List price
- $7,500,000
- Down payment
- $1,500,000 (20%)
- Estimated mortgage
- $6,000,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $25,220
- At 3.3627 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Vancouver
Ten year average, 2016–2025.
- Average temperature
- 10.6°C
- Daily mean across the year.
- Yearly precipitation
- 1,141 mm
- On the drier side for BC.
- Yearly snowfall
- 39 cm
- Snow is the exception here.
- Bright sunshine
- 1,938 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Condo / Apartment · 48%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
