Vancouver restaurant and retail property sold for $12.5 million

Biercraft site on Cambie Street, along with three other retail units, went for about $700K below assessed valued

By
for Western Investor
August 13, 2019





DD Cambie biercraft_bistro-1

The Biercraft bar and restaurant site on Cambie Street in Vancouver has sold. The 11,193-square-foot property, which includes three other retail units, sold for $12.5 million, about $700,000 below its assessed value.

Breakdown:

Sale price: $12.5 million

BC Assessment value: $13.23 million

Property type: Retail

Address: 3305-3317 Cambie Street

City: Vancouver, B.C.

Year built: 1947

Number of units: 4 retail units with basement.

Building size: Approx. 8,000 square feet

Lot size: 11,193 square feet

Date sold: July 31, 2019

Zoning: C-2 (potential for six storeys)

Brokerage: Macdonald Commercial

Agent: Eric K. Poon


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