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32995 1st Avenue

Mission BC Mission V2V 1G1

$1,795,000

Multi-Family Commercial

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• Photos
• Map

Status:

Active

Prop. Type:

Multi-Family Commercial

MLS® Num:

C8077715

Build. Type:

Low Rise (2-4 storeys)

• Photos (21)

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Excellent investment opportunity to acquire a 15-unit multifamily building in a high-exposure location along 1st Avenue / Lougheed Highway in the growing City of Mission. This income-producing property features a well-balanced unit mix Of 4 studio suites, 10 one-bedroom suites, and 1 two-bedroom suite, with gross monthly revenue exceeding $14,800. Significant capital upgrades have been completed over the years, including roof replacement in 2019, hot water boiler system replacement in 2017, and PBX/ copper plumbing upgrades in 2015, along with updated light fixtures and appliances, helping support long-term value and operational stability. Ideally situated close to transit, shopping, and everyday amenities, the property benefits from strong tenant appeal in a convenient and accessible location. A compelling opportunity for investors seeking stable cash flow, upside potential, and long-term appreciation. Contact us for more information.

General Info:

Sale Type:

Asset or Share

Ownership:

Freehold

Property Type:

Multi-Family Commercial

Commercial Type:

Multi Family

Construction:

Concrete Block, Concrete, Frame Wood

Building Type:

Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)

# of Apartments:

15

# of Studio Apartments:

4

# of 1 Bedroom Apartments:

10

# of 2 Bedroom Apartments:

1

Living Area:

5,072 sq. ft.471 m2

Lot Area:

4,791.6 sq. ft.445 m2

Zoning:

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Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Road Surface:

Paved

Heating:

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Electricity:

No

Services Connected:

Electricity at Lot Line, Natural Gas Connected, Street Lighting

Sewer:

Public Sewer

Parcel Number:

011436794

Taxes:

$5,010 / 2025

Amenities (Commercial):

Laundry Facility, Paved Yard

Waterfront (Y/N):

No

Appliances:

Common Water Heater

Restrictions:

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Other Details:

Water Supply:

Public

Water Rights:

No

Roof:

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Business Info:

Cap Rate %:

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Gross Income:

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Oper. Expenses:

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Other Income:

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Effective Gross Income:

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Net Operating Income:

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Listing Info:

Previous Price:

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Original Price:

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• 
  View of building exterior featuring stairs
• 
  Doorway to property
• 
  View of side of property
• 
  Back of property
• 
  View of front of house with stone siding
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  Rear view of property
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  Kitchen with white appliances, light countertops, light wood-style flooring, and white cabinets
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  Unfurnished bedroom featuring radiator and a textured ceiling
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  Bathroom featuring vanity and toilet
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  Spare room with plenty of natural light
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  Full bathroom featuring a stall shower and a sink
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  Empty room featuring dark wood finished floors and a baseboard heating unit
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  View of closet
• 
  Empty room with dark wood finished floors and radiator heating unit
• 
  Kitchen featuring freestanding refrigerator, light countertops, dark wood finished floors, and dark wood finish cabinetry
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  Kitchen with light countertops, dark wood-type flooring, dark wood finish cabinets, and freestanding refrigerator
• 
  Bathroom featuring vanity and dark wood-style floors
• 
  Full bath with a stall shower and light wood-type flooring
• 
  Half bath with vanity and light wood finished floors
• 
  Unfurnished room with baseboards and wood finished floors
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  Laundry room featuring a sink

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Listed by Homelife Advantage Realty Ltd.

Data was last updated June 10, 2026 at 04:10 AM (UTC)

• Jean Seguin
• RE/MAX Real Estate Services
• 7787852135
• sales@vancouvercommercialbrokers.ca

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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Multi-family buildings for sale across Vancouver and British Columbia offer investors stable income, long-term appreciation, and diversification within the commercial real estate market. These properties typically include apartment buildings, purpose-built rentals, and multi-unit residential assets designed to generate consistent cash flow.

Vancouver Business Brokers represents multi-family investment properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to investors evaluating acquisition opportunities.

Types of Multi-Family Investment Properties

Multi-family real estate encompasses a range of property types, including:

• Purpose-built apartment buildings  
• Small to mid-sized multi-unit residential properties  
• Mixed-use buildings with residential units  
• Redevelopment and value-add opportunities  

Each property type carries different income profiles, financing considerations, and risk factors.

Buying Multi-Family Buildings

Investors evaluating multi-family buildings should consider more than the asking price. Key factors include:

• Net operating income and cap rates  
• Tenant mix and lease stability  
• Operating expenses and maintenance history  
• Zoning, density, and redevelopment potential  
• Local rental market demand  

Professional representation helps investors identify risks and assess long-term performance.

Selling Multi-Family Properties

Selling multi-family real estate requires proper pricing, market exposure, and access to qualified buyers. Investor demand, income stability, and asset condition all influence value.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Reach qualified investors  
• Navigate negotiations and due diligence  
• Close transactions efficiently  

Multi-Family Markets Across British Columbia

Demand for multi-family investment properties varies by region. Vancouver remains a core market, while secondary markets may attract investors seeking higher yields.

Understanding regional market conditions is critical when evaluating pricing and investment strategy.

Next Steps

If you are considering buying or selling a multi-family building in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.

Frequently Asked Questions

What qualifies as a multi-family building?

Multi-family buildings include properties with multiple residential units, such as apartment buildings and purpose-built rentals.

Are multi-family buildings good investments?

Multi-family properties can offer stable income and long-term appreciation, depending on location, tenant mix, and operating costs.

Do you represent multi-family properties outside Vancouver?

Yes. We represent multi-family investment properties across British Columbia.

What should investors review before purchasing?

Investors should review income statements, operating expenses, tenant leases, zoning, and local market conditions.