$1,895,000
15491 MARINE DRIVE
Beds
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Baths
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Sqft
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Year
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Type
Retail
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for White Rock. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Street level free standing mix commercial building on "Marine Drive" waterfront strip. Great investment and self occupy opportunity! Downstairs around 700' Restaurant space come with full Comercial kitchen. This street front retail comes with a established franchise tenant and maintained the building with major upgrades. Upstairs comes with a completely renovated 1 bedroom and den suite above restaurant takes advantage of the unobstructed view of the ocean, including a private patio area out back. New storage building & private parking with lane access. Downstairs restaurant and upstairs residential suite are rented out separately with over 4.5% CAP rate. Don't miss this opportunity to own a unique free standing building with stable cash flow or open a business at the most busy street in Whiterock! Plz do not disturb tenant. (id:65958)
- Subtype
- Retail
- On market
- Apr 2, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $10,098.89 (2025)
- Photos
- 17
- MLS#
- C8077577
- Area
- WHITE_ROCK
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,578
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.