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2947 Granville Street
Fairview VW Vancouver V6H 3J6

$10,700,000
Land Commercial, Retail

Status:
Active
Prop. Type:
Land Commercial, Retail
MLS® Num:
C8079808
Build. Type:
Freestanding
5.1% CAP RATE ON ASKING PRICE. 54' x 120' lot improved with a well-maintained 12,956sf two-level building. Main floor features impressive 14' ceilings, creating a bright, open retail environment. This is definitely one of the premier showroom retail spaces in all of South Granville. Currently occupied by West Elm with lease expiry in July 2027. Current NOI is $550,000. The Building has been extensively renovated with major upgrades over the years to structure, electrical, plumbing, and HVAC systems. Super strong location along the vibrant South Granville corridor. Ideal holding property with future redevelopment potential.
Sale Type:
Asset
Sublease:
Yes
Ownership:
Freehold
Property Type:
Land Commercial, Retail
Commercial Type:
Retail
Construction:
Frame Wood
Building Type:
Freestanding, Street-Level Storefront
Year built:
1940 (Age: 86)
Living Area:
12,956 sq. ft.
Subject Property Depth:
120'
Subject Property Width:
54'
Subject Space Depth:
120'
Subject Space Width:
54'
Contiguous Spc:
12,956 sq. ft.
Retail Size:
6,478 sq. ft.
Wrhse Size:
6,478 sq. ft.
Minimum Divisible Area:
12,956 sq. ft.
Lot Area:
6,534 sq. ft.
Zoning:
Potential to Redevelop:
No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Cooling:
Air Conditioning, HVAC System
Electricity:
Yes
Services Connected:
Curb/Gutter, Electricity Connected, Natural Gas Connected, Phone Connected, Street Lighting, Sidewalk
Sewer:
Public Sewer
Parcel Number:
014175215
Taxes:
$119,436 / 2025
Emergency Lighting, Storefront, Washrooms Female/Male
No
Handicap Access/Facil
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by TRG Commercial Realty Ltd.
Data was last updated June 24, 2026 at 11:40 AM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.