1504 56 Street
Beach Grove
Delta
V4L 2A8
$6,950,000
Land Commercial, Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Land Commercial, Multi-Family Commercial
- MLS® Num:
- C8070823
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (25)
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Greensview Apartments is a well-maintained 24-suite, three-storey rental apartment building located in the heart of Tsawwassen, one of Delta's most established communities. Built in 1985 on a 22,200 SF lot, the building features a mix of one- and two-bedroom suites, tenant storage, and secured parking. Offered at a 3.75% cap rate and approximately $289,580 per door, the property provides strong in-place income with 2025 net income projected to rise 11.4% following 4.6% growth in 2024 — a 16.5% increase over two years. With several suites currently below market, there is clear rental upside through tenant turnover. The property is designated Neighbourhood Centres & Corridors in Delta's 2024 OCP, allowing for consideration of future redevelopment up to 6 storeys.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Land Commercial, Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Name of Complex/Subdivision:
- Greenview
- Num Storeys:
- 3
- Building Type:
- Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
- # Bldgs:
- 1
- # of Apartments:
- 24
- # of Studio Apartments:
- 1
- # of 1 Bedroom Apartments:
- 7
- # of 2 Bedroom Apartments:
- 16
- Year built:
- 1985 (Age: 41)
- Living Area:
- 18,843 sq. ft.1,751 m2
- Subject Property Depth:
- 160'48.8 m
- Subject Property Width:
- 170'51.8 m
- Contiguous Spc:
- 0 sq. ft.0 m2
- Minimum Divisible Area:
- 0 sq. ft.0 m2
- Lot Area:
- 22,215.6 sq. ft.2,064 m2
- Zoning:
- Signup
- Potential to Redevelop:
- Up to 6 Storeys as per the City of Delta OCP., No
- Fencing:
- Signup
- Parking:
- Secured
- # Of Parking Spaces - Total:
- Signup
- Road Frontage:
- Signup
- Heating:
- Signup
- Cooling:
- Make-Up Air
- Electricity:
- Yes
- Services Connected:
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
- Sewer:
- Public Sewer, Sanitary Sewer, Storm Sewer
- Parcel Number:
- 002395673
- Taxes:
- $23,624.93 / 2024
- Balconies, Laundry Facility
- No
- Common Water Heater, Freezer
- Secured Garage/Parking
- No
- # Elevators:
- 1
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Signup
- Potential to Redevelop:
- Up to 6 Storeys as per the City of Delta OCP., No
- Env Assmt Phase:
- No
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View of building exterior
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View of property with uncovered parking
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Property entrance with french doors
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Surrounding community
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View of grassy yard
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View of green lawn featuring stairs
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View of green lawn
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Lobby featuring recessed lighting
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Common area featuring recessed lighting and crown molding
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View of home's exterior
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Photo 11 of 25
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View of parking deck
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Parking deck featuring a swimming pool
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View of parking garage
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View of parking garage
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View of parking deck
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View of parking garage
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Lobby featuring recessed lighting
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Shared laundry featuring washing machine and dryer and brick patterned flooring
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View of property location featuring a forest
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Aerial view of property and surrounding area featuring mountains and rural landscape
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Aerial view of property and surrounding area
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Bird's eye view
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Exterior view
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Exterior view of a rolled roof
Larger map options:
Listed by London Pacific
Data was last updated July 18, 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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