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1698 E 12th Avenue
Grandview Woodland Vancouver V5N 2A3

$[***]
Office, Retail

Status:
For Lease
Prop. Type:
Office, Retail
MLS® Num:
C8076414
Build. Type:
High-Rise (5+ storeys)
Brand new high-exposure corner retail for lease at Ace on the Drive, prominently located at E 12th Ave & Commercial Drive. Featuring approx. 110 ft frontage on E 12th and 82 ft on Commercial Drive, this modern unit offers outstanding visibility, strong pedestrian/vehicular traffic, generous ceiling heights, and an efficient, flexible layout. Commercial kitchen venting available, plus 400 AMP electrical service to support higher power requirements. Flexible sizing options: 2,113 sq.ft. corner unit + 1,375 sq.ft. adjacent unit, or combine for 3,488 sq.ft. plus approx. 250 sq.ft. patio. Up to 11 parking stalls available. Zoned CD-1, allowing a wide range of retail, service, office, and business uses (subject to City approval).
Sale Type:
Lease
Lease Type:
Net
Sublease:
Yes
Ownership:
Freehold
Property Type:
Office, Retail
Commercial Type:
Retail
Construction:
Concrete, Mixed
Name of Complex/Subdivision:
Ace On The Drive
Num Storeys:
6
Building Type:
High-Rise (5+ storeys), Mixed Use, Street-Level Storefront
Home Owners Association:
Yes
Year built:
2026 (Age: 0)
Leasable Area:
2,113 sq. ft.
Retail Size:
2,113 sq. ft.
Mezzanine Size:
0 sq. ft.
Lot Area:
0 sq. ft.
Zoning:
Potential to Redevelop:
Yes
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
031665144
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$2,177.96
Other Income:
Effective Gross Income:
Net Operating Income:
Basic Rent per Annum per SF:
50.0
Additional Rent per Annum per SF:
31.0
Previous Price:
Original Price:
Listed by Sutton Group - 1st West Realty
Data was last updated February 23, 2026 at 08:40 PM (UTC)
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