771 Gibsons Way Gibsons, British Columbia V0N 1V9
$7,998,000
Exceptional investment & redevelopment opportunity in Upper Gibsons. Kern's Plaza offers 21,117 sq. ft. of retail/office space with long-term tenants incl. Salvation Army, generating ~$315,000 NOI (3.95% cap at $7.98M). Situated on a 45,242 sq. ft. C-1 zoned lot, the site permits mixed-use with ground-floor commercial and residential above. Zoning allows ~36,000 sq. ft. footprint and 3'4 storeys as-of-right, with recent approvals supporting 5'6 storeys. Massing concepts suggest 125'230 residential units plus up to 26,910 sq. ft. of commercial. Phase 1 Environmental complete. Hold for stable income today and unlock major redevelopment potential tomorrow. (id:62739)
Property Details
| MLS® Number | C8064275 |
| Property Type | Vacant Land |
Building
| Constructed Date | 1986 |
| Size Interior | 21,117 Ft2 |
Land
| Acreage | Yes |
| Size Irregular | 45242 |
| Size Total | 45242 Sqft |
| Size Total Text | 45242 Sqft |
| Zoning Description | C1 Upper Gibsons Com |
Utilities
| Water | At Lot Line |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27618787/771-gibsons-way-gibsons
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September 15 2025 03:08:36
Greater Vancouver REALTORS®
Sotheby's International Realty Canada