The space previously occupied by the iconic, now-shuttered Italian eatery Nick’s Spaghetti House sold for $3.8 million, according to the Goodman Report team’s apartment building sales roll.
The space is a mix of commercial and residential space in what was once a circa-1910 home. The property includes six large, two-bedroom suites and two ground floor commercial units. The space was renovated in 2008, undergoing updates to electrical and plumbing, as well as refinished fir floors and updates kitchens in the rental suites. The property was listed for $4,298,000 and has an assessed value of $3,442,000. Nick's Spaghetti House closed its doors on Dec. 21, 2017, after 62 years in business.
The property is located at 631 Commercial Dr., Vancouver.
Breakdown:
Price: $3,816,000
No. of Units: 8
Price/unit: $477,000
Lot Size: 3,106 SF
Property Type: Multi-family
Zoning: RM-4N
2017 B.C. Assessment Value: $3,442,000
City: Vancouver
Province: B.C.
Name of Brokerage: Colliers International
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