South Granville Mixed-Use Building Sells for $9.7 Million
A three-storey mixed-use building at 2231–2245 Granville Street in South Granville has sold for $9,669,021, representing $776 per square foot on the building.
The property was held by the original developer since its construction in 1980 — a tenure of approximately 46 years. It was listed by NAI Commercial at $12,500,000 before being reduced to $10,999,000, and ultimately traded at a further discount after approximately nine months on market.
DETAILS:
- Sale price: $9,669,021
- Price per SF: $776
- Building size: 12,464 SF
- Lot size: 7,200 SF (60′ x 122′)
- Zoning: C-3A
- Year built: 1980
The building sits on the west side of Granville Street, one lot north of West 7th Avenue, within the Granville/Burrard Slopes Broadway Plan area (Area D). Under the Broadway Plan, the site is eligible for rezoning to up to 25 storeys and an 8.0 FSR, subject to site conditions and protected public view corridors.
The building includes a split-level retail component totalling 6,441 SF leased to six tenants — Macao Imperial Tea, Vancouver Fine Art Gallery, Future Fade Barbershop, Voka Deka Esthetics Salon, Vean Tattoo, and Petley Jones Gallery — along with four one-bedroom residential units on the upper floor ranging from 817 to 904 SF. The property is located approximately 200 metres from the future South Granville SkyTrain station at Broadway and Granville.
Conor Finucane of NAI Commercial acted as the listing broker.
David Taylor, Colliers — Active Listings & Recent Sales
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