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1635 Marine Drive

Norgate North Vancouver V7P 1V1

$3,549,000

Multi-Family Commercial, Retail

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Status:

Active

Prop. Type:

Multi-Family Commercial, Retail

MLS® Num:

C8079758

Build. Type:

Freestanding

• Photos (33)

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Embrace the epitome of urban investment in the heart of North Vancouver’s Norgate community. Meticulously rebuilt from the studs out, this mixed use property features three modern residential units that have been leased, together with two perfectly sized retail spaces fronting busy Marine Drive that are currently vacant and ready for occupancy. Each residential unit offers contemporary finishes and efficient layouts suited to today’s urban renter. The retail spaces include storage, HVAC and a built out washroom, providing a practical base for a range of users. Centrally located, the building enjoys excellent access to transit, amenities, dining and entertainment. Benefit from North Vancouver’s strong market fundamentals, low vacancy rates, population growth and upward pressure on rents, all strategically positioned within a thriving and dynamic community.

General Info:

Sale Type:

Asset

Ownership:

Freehold

Property Type:

Multi-Family Commercial, Retail

Commercial Type:

Retail

Construction:

Mixed

Num Storeys:

2

Building Type:

Freestanding, Mixed Use, Street-Level Storefront

# Bldgs:

1

# Units Total:

3

# of 1 Bedroom Apartments:

1

# of 2 Bedroom Apartments:

2

Year built:

1950 (Age: 76)

Living Area:

4,290 sq. ft.399 m2

Subject Property Depth:

75'22.9 m

Subject Property Width:

39'6"12 m

Lot Area:

3,049.2 sq. ft.283 m2

Zoning:

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Potential to Redevelop:

C9 CRUM1 Development Mixed-Use Development 1.75 FSR, No

Fencing:

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# Of Parking Spaces - Total:

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Road Frontage:

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Heating:

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Electricity:

No

Parcel Number:

010618031

Taxes:

$29,796.09 / 2025

Amenities (Commercial):

Storefront, Storage

Waterfront (Y/N):

No

Restrictions:

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Reports Avail:

Yes

Other Details:

# Elevators:

0

Water Rights:

No

Roof:

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Potential to Redevelop:

C9 CRUM1 Development Mixed-Use Development 1.75 FSR, No

Env Assmt Phase:

No

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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Listed by Royal LePage Sussex

Data was last updated July 28, 2026 at 09:40 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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Copyright 2026 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.

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Retail commercial spaces for sale across Vancouver and British Columbia offer opportunities for both investors and owner-users seeking stable income, strong locations, and long-term value. Retail properties include storefronts, mixed-use buildings, strip retail, and freestanding commercial units located in high-traffic corridors and growing communities.

Vancouver Business Brokers represents retail commercial properties throughout Metro Vancouver, the Lower Mainland, and BC, providing professional guidance to buyers and sellers navigating this competitive asset class.

Types of Retail Commercial Properties

Retail commercial spaces vary widely based on location, tenant mix, and zoning. Common retail property types include:

• Street-front retail units  
• Mixed-use buildings with residential above  
• Strip retail and small plazas  
• Freestanding commercial buildings  
• Owner-user retail opportunities  

Each property type presents different income profiles, risk levels, and operational considerations.

Buying Retail Commercial Property

Buyers considering retail commercial real estate should evaluate more than the purchase price. Important factors include:

• Tenant quality and lease terms  
• Visibility, access, and foot traffic  
• Zoning and permitted uses  
• Remaining lease term and renewals  
• Long-term redevelopment potential  

Professional representation helps buyers identify risks and assess whether a property aligns with investment or operational goals.

Selling Retail Commercial Property

Selling retail commercial property requires proper pricing, strategic exposure, and qualified buyers. Market conditions, tenant stability, and lease structure all influence value.

Working with experienced commercial brokers helps sellers:

• Position assets effectively  
• Maintain confidentiality when required  
• Reach qualified buyers and investors  
• Navigate negotiations and closing 

Retail Commercial Markets Across BC

Retail demand varies by region. Urban centres such as Vancouver present strong owner-user and investor interest, while secondary markets may attract buyers seeking higher yields.

Understanding local market dynamics is essential when pricing or evaluating retail assets.

Next Steps

If you are considering buying or selling retail commercial property in Vancouver or British Columbia, professional guidance can help you navigate the process with confidence.

Frequently Asked Questions

What types of retail commercial properties are available?

Retail properties include storefronts, mixed-use buildings, strip retail, and freestanding commercial units.

Is retail commercial property a good investment?

Retail property can provide stable income, but performance depends on location, tenant quality, and lease terms.

Do you represent retail properties outside Vancouver?

Yes. We represent retail commercial properties across British Columbia.

Can owner-users purchase retail commercial space?

Yes. Many retail properties are suitable for owner-operators depending on zoning and use.