The property is situated in one of the Lower Mainland’s most active communities, which is experiencing significant growth in its residential base and a diverse range of mixed-use amenities. The current tenant profile includes strong income and covenant with BC Cannabis Store, Value Village, and H-Mart, collectively generating a high Net Operating Income.
Additionally, the area boasts an established retail core with large-scale retailers such as Canadian Tire, Home Depot, Walmart, Costco, and Save-On-Foods, contributing to its commercial vibrancy.
The offering includes 4.2 acres of development-ready, serviced, and leveled excess land, which presents an opportunity for additional commercial density. This feature is particularly advantageous in a neighborhood experiencing rapid growth, characterized by increasing low and midrise wood frame developments. As a result, the location is highly desirable among young professionals, families, and move-up buyers seeking both residential and commercial opportunities.