Triplex Homes for Sale in Commercial Drive, Vancouver

Triplex Homes For Sale in Commercial Drive, Vancouver

Commercial Drive, affectionately known as "The Drive" by locals, is a vibrant hub in East Vancouver that offers a unique blend of cultural diversity and community spirit, making it a standout destination for prospective buyers and sellers interested in Triplex homes. This eclectic neighbourhood boasts a lively mix of entertainment options, eateries, and boutiques, all steeped in an artsy, bohemian vibe. The area’s rich tapestry of Italian, Latin American, and alternative cultures provides a daily living experience that’s as flavorful as the coffee served by its famed Italian cafés.

For those looking to invest or nest in Triplex homes, Commercial Drive offers several compelling features:

Community-Oriented Living: The Drive is renowned for its strong sense of community and frequent local festivals, such as the Car Free Day and the Italian Day Festival, which transform the streets into bustling scenes of communal joy.

Robust Market: The neighbourhood's real estate market is perpetually dynamic, offering a variety of Triplex homes that cater to both traditional family setups and alternative, communal living arrangements. This diversity in housing keeps the market versatile and appealing.

Accessibility and Amenities: With easy access to public transit, including the SkyTrain’s Expo Line, residents enjoy superb connectivity to downtown Vancouver and other parts of the city. Additionally, the area is flush with parks, community centers, and schools, making it ideal for families.

Cultural Hotspot: The Drive is a cultural hotspot with a plethora of live music venues, indie theatres like The Cultch, and yearly art events that draw crowds from across Greater Vancouver.

Foodie’s Paradise: It's a gastronomic delight, offering an array of dining options from authentic Italian pizzerias and bakeries to vegetarian restaurants and craft beer pubs.

Whether it’s the potential for a strong rental market or the allure of a culturally rich lifestyle, Commercial Drive’s blend of community vibe, robust amenities, and diverse architectural styles makes it a prime spot for both buying and selling Triplex homes.

Listing Details

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3008 Clark Drive - MLS® # R2955008

Property Details

List Price

1999900

Living Area

2,330 sqft.

Bedrooms

Bathrooms

Lot Size Area

4396.0 sqft

Taxes

3027.0

Type

Triplex

Style

N/A

Basement

Full, Partially Finished, Exterior Entry

Year Built

1955

Description

Cash-flowing East Vancouver triplex with projected NOI of $88,000 and a strong 4.40% cap rate. Offered with vacant possession, all three fully upgraded units can be leased at market rents immediately. Includes two spacious 2-bed + flex suites and a studio with private entry, on a 4,396 SF RT-2 corner lot. Features include sprinklers, separate meters, dual furnaces, two hot water tanks, shared laundry, dry storage, and North Shore mountain views. Built in 1955 and modernized throughout, the property is ideal for investors or owner-occupiers seeking stable yield with future redevelopment upside in a high-demand, transit-connected rental corridor.

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