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1555-1557 56 Street
Cliff Drive Delta V4L 2A9

$8,000,000
Retail

Status:
Active
Prop. Type:
Retail
MLS® Num:
C8081153
Build. Type:
Street-Level Storefront
Opportunity to purchase this highly visible retail shopping plaza in Tsawwassen's retail core. Six retail and service tenants including Dairy Queen, 7-Eleven, Pizza Hut and Ossie's Deli. Enjoy significant upside in medium term rental rates during your holding period leading to a major re-development. A nearby active DP Application on 56th Street indicates a six storey mixed used development featuring 12,857 s.f. of commercial space, 80 rental apartments and two levels of underground parking for the subject site, utilizing the OCP's Neighbourhood Centres and Corridors (NC)zoning densities. Assemble the adjacent properties to double the size of this property's potential. Please contact Seller's Agent by email to request an NDA. michael@northernvisionrealty.com
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Retail
Commercial Type:
Retail
Construction:
Concrete Block, Frame Wood
Num Storeys:
1
Building Type:
Street-Level Storefront, Strip Mall
# Bldgs:
2
Year built:
1969 (Age: 57)
Living Area:
7,530 sq. ft.
Retail Size:
7,530 sq. ft.
Lot Area:
29,620.8 sq. ft.
Zoning:
Potential to Redevelop:
No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Sewer:
Public Sewer
Env Assmt Comment:
Phase I has been completed.
Parcel Number:
007223188
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
No
Env Assmt Phase:
Yes
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by Northern Vision Realty Advisors Inc.
Data was last updated August 22, 2026 at 01:35 AM (UTC)
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.