PRIME CORNER LEGAL TRIPLEX on 41x122 lot. Live or rent this 4 unit property substantially updated in 2025 with new roof, hot water tank, freshly painted exterior, kitchen and bathroom update and new bachelor suite. Two 2 Bdrm 1 bath units (876 sf each), One 3 Bdrm 1 bath (1030 sf) and 1 Bachelor unit (526 sf) Total 3,500sf finished area. At $620/sf equivalent to 4 condo units, the bonus is to own a 41x122 freehold corner property with no strata fees and have future development value. Perfect for investor, co-ownership, or extended family. Excellent central location off Commercial Drive - steps to transit, grocery stores, parks and schools.. Previously approved plan for a 4 storey, 11 unit building in RM-4 Zone. 95/100 Walk Score.
Address
485 Victoria Drive
List Price
$2,175,000
Property Type
Residential Income
Type of Dwelling
Triplex
Structure Type
Multi Family
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Hastings
Bedrooms
7
Bathrooms
4
Floor Area
3,504 Sq. Ft.
Main Floor Area
1753
Lot Size
5042 Sq. Ft.
Lot Size Dimensions
41.23 x 122.3
Lot Size (Acres)
0.12 Ac.
Lot Features
Central Location, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
3504
Frontage Length
41.23
Year Built
1937
MLS® Number
R3048779
Listing Brokerage
Success Realty & Insurance Ltd
Basement Area
Full
Postal Code
V5L 4C9
Zoning
RM-4
Ownership
Freehold NonStrata
Parking
None
Tax Amount
$6,243.05
Tax Year
2025
Site Influences
Balcony, Central Location, Garden, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Garden, Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Interior Features
Storage
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Forced Air
Laundry Features
Common Area
Levels
Two
Number Of Floors In Property
2
Security Features
No Fire Sprinkler System, Smoke Detector(s)