LiveMLS C8081112Buy & hold

928 COMMERCIAL DRIVE · Multi-family

Vancouver, BC · Multi-family · 3 units

$7,500,000listed

Workable offer

Vancouver market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

928 COMMERCIAL DRIVE is a 3-unit multi-family in Vancouver, BC, asking $7,500,000 — $2,500,000 per door.

That sits above the Vancouver band of $700k - $1.6M per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Vancouver cap rates screen 2.0% - 3.5% against average rent near $3,150 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Vancouver is usually a policy and land-value thesis, not a current-income market under standard leverage. Investor demand reads very high, vacancy very tight.

Asking price: $7,500,000
Units: 3 units
Property type: Multi-family
Location: Vancouver, BC
Price per door: $2,500,000
Vancouver cap band: 2.0% - 3.5%
Vancouver average rent: $3,150

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.