5517 Victoria Drive

5517 Victoria Drive, Vancouver, BC

For Sale

Property Type

Availability

863 ft²

Retail

Unspecified

Overview

5517 Victoria Drive presents an outstanding opportunity for businesses seeking a high-profile location along the Victoria Drive Commercial Corridor in the desirable Kensington-Cedar Cottage neighborhood of Vancouver, BC. Offering a rare combination of visibility, accessibility, and community integration, this property is ideally positioned for long-term success. Strategically located on Victoria Drive, the site benefits from consistent foot traffic and excellent exposure. Its proximity to established residential neighborhoods, schools, and a diverse mix of prominent retailers enhances its appeal to a wide customer base. With seamless access to public transit and major roadways, the location ensures convenience for both customers and employees.   The premises offer a flexible, adaptable layout that can accommodate a range of commercial uses - from retail and service-based businesses to professional office spaces. Whether you are a new business aiming to make a bold first impression or an established brand looking to expand strategically, 5517 Victoria Drive offers a dynamic and accessible location in one of Vancouver’s most vibrant communities.

Highlights

  • Strategically located adjacent to Victoria Square Shopping Centre, the subject enjoys proximity to a strong lineup of national and international tenants, including London Drugs, McDonald’s, Starbucks, and CIBC
  • A very well-established retail node attracts consistent daily traffic and provides built-in consumer draw for businesses in the area
  • Positioned in one of Vancouver’s most densely populated neighborhoods
  • With prominent frontage and excellent visibility directly onto Victoria Drive – a major arterial route – this location offers outstanding signage opportunities and sustained exposure for any business
  • The unit benefits from a high volume of both vehicular and pedestrian traffic

Details

  • MUNICIPAL ADDRESS: 5517 VICTORIA DRIVE, VANCOUVER, BC, V5P 4Y3
  • LEGAL ADDRESS: PID: 025-007-181, STRATA LOT 14 DISTRICT LOT 707 GROUP 1 NEW WESTMINSTER DISTRICT STRATA PLAN LMS4410

 

  • Area: 863 SF
  • Monthly Strata Fees: $458.53
  • Gross Taxes (2024): $8,258.52
  • Zoning: C-2 (Commercial District)
  • Asking Price: $799,000
  • Gross Rent: $45,600 (April 1, 2025 to March 31, 2026)
  • Lease Expiry: March 31, 2026
  • Additional: Tenant may continue month to month on same terms ($3,800 per month gross) with Landlord consent
  • Occupancy: The space is subject to a Lease that can be terminated with 5 months prior written notice
  • Assessed Value (2024): $765,400.00
  • Parking: The Strata Manager advises that 8 stalls are available for use for the commercial visitors on the main level. Further, the
    manager advises that 1 parking stall on the parkade level has been allocated to the Strata Lot. However, all purchasers are advised to obtain confirmation of the same by way of a Form B.

Sheldon Scott

Partner (BC)
Personal Real Estate Corporation

Arjen Heed

Senior Associate (BC)

Inquiry Form


5517 Victoria Drive

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