BC land development, BC land investment

Forgot password Extend Verify Contact

1504 56 Street
Beach Grove Delta V4L 2A8

$6,950,000
Land Commercial, Multi-Family Commercial

View of building exterior
Photo 1: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 2: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 3: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 4: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 5: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 6: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 7: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 8: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 9: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 10: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 11: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 12: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 13: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 14: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 15: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 16: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 17: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 18: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 19: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 20: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 21: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 22: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 23: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 24: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Photo 25: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8070823
Build. Type:
Low Rise (2-4 storeys)
Greensview Apartments is a well-maintained 24-suite, three-storey rental apartment building located in the heart of Tsawwassen, one of Delta's most established communities. Built in 1985 on a 22,200 SF lot, the building features a mix of one- and two-bedroom suites, tenant storage, and secured parking. Offered at a 3.75% cap rate and approximately $289,580 per door, the property provides strong in-place income with 2025 net income projected to rise 11.4% following 4.6% growth in 2024 — a 16.5% increase over two years. With several suites currently below market, there is clear rental upside through tenant turnover. The property is designated Neighbourhood Centres & Corridors in Delta's 2024 OCP, allowing for consideration of future redevelopment up to 6 storeys.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Land Commercial, Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Name of Complex/Subdivision:
Greenview
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
# Bldgs:
1
# of Apartments:
24
# of Studio Apartments:
1
# of 1 Bedroom Apartments:
7
# of 2 Bedroom Apartments:
16
Year built:
1985 (Age: 40)
Living Area:
18,843 sq. ft.
Subject Property Depth:
160'
Subject Property Width:
170'
Contiguous Spc:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
22,215.6 sq. ft.
Zoning:
Potential to Redevelop:
Up to 6 Storeys as per the City of Delta OCP., No
Fencing:
Parking:
Secured
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Cooling:
Make-Up Air
Electricity:
Yes
Services Connected:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Parcel Number:
002395673
Taxes:
$23,624.93 / 2024
Balconies, Laundry Facility
No
Common Water Heater, Freezer
Secured Garage/Parking
No
# Elevators:
1
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Up to 6 Storeys as per the City of Delta OCP., No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of building exterior
  • Photo 2: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of property with uncovered parking
  • Photo 3: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Property entrance with french doors
  • Photo 4: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Surrounding community
  • Photo 5: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of grassy yard
  • Photo 6: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of green lawn featuring stairs
  • Photo 7: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of green lawn
  • Photo 8: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Lobby featuring recessed lighting
  • Photo 9: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Common area featuring recessed lighting and crown molding
  • Photo 10: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of home's exterior
  • Photo 11: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Photo 11 of 25
  • Photo 12: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of parking deck
  • Photo 13: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Parking deck featuring a swimming pool
  • Photo 14: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of parking garage
  • Photo 15: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of parking garage
  • Photo 16: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of parking deck
  • Photo 17: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of parking garage
  • Photo 18: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Lobby featuring recessed lighting
  • Photo 19: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Shared laundry featuring washing machine and dryer and brick patterned flooring
  • Photo 20: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    View of property location featuring a forest
  • Photo 21: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Aerial view of property and surrounding area featuring mountains and rural landscape
  • Photo 22: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Aerial view of property and surrounding area
  • Photo 23: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Bird's eye view
  • Photo 24: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Exterior view
  • Photo 25: 1504 56 Street in Delta: Beach Grove Land Commercial for sale in "Greenview" (Tsawwassen)  : MLS®# C8070823
    Exterior view of a rolled roof
Listed by London Pacific
Data was last updated July 20, 2025 at 06:40 AM (UTC)