7440 Columbia Street, Mission
For Sale

Mission

7440 Columbia Street

Multi-Family Commercial

Property Type

7,198,000

Price
  • Area in Sqft 30,927
  • Lot in Sqft 30,927
  • PID 012-412-333
About the Property

Property Highlights

39-Unit Apartment Building with significant income upside potential immediately adjacent to Downtown Mission 



  • Significantly under-market rents with the potential to increase an average of 129% following tenant turnover and renovation

  • High demand for renovated suites due to lack of new construction in Mission and ongoing tenant migration

  • Proximity to Mission City Station and other Downtown Mission amenities

  • Future development potential as designated by the City of Mission Official Community Plan


Originally constructed in 1980 by the current ownership, the property is a three-storey, 39-unit apartment complex known as Mission Hills, situated on a 30,927 SF lot. The exterior is a mix of well-maintained stucco and vinyl siding. The building includes:



  • Hydraulic elevator servicing the building, providing access to suites and parking

  • Suite mix: 15 one-bedrooms and 24 two-bedroom suites with open layouts, double-glazed windows, and access to expansive patios and balconies

  • Laundry rooms: Dedicated laundry room on each floor with building-owned washers and dryers

  • Parking: Secured structure with 51 stalls and additional visitor parking

  • Heating: Electric baseboard heaters, 800-amp main service, each unit metered separately for hydro


The property offers large suites, sought-after amenities, and incredible income upside, presenting a repositioning opportunity with potential for substantial return on investment.

Floor Plans and PDFs

Neighbourhood

Nestled amidst the natural splendor of the Fraser Valley, Mission presents a picturesque setting for those seeking a place to call home. Mission benefits from the stunning natural surroundings that characterize the Fraser Valley region as residents and visitors alike are treated to breathtaking views of mountains, forests, and the majestic Fraser River.

Families are drawn to Mission for its abundance of parks, schools, and recreational facilities. Whether it’s enjoying a picnic at Fraser River Heritage Park, exploring the trails at Rolley Lake Provincial Park, or participating in community events and festivals, there’s no shortage of activities to keep families entertained year-round.

Situated just a short drive from major metropolitan centers like Vancouver and Abbotsford, Mission offers the perfect balance of rural tranquility and urban convenience. Commuters enjoy easy access to employment opportunities, shopping, dining, and cultural attractions, while still being able to retreat to the serenity of home at the end of the day.

With its growing population, strong economy, and ongoing infrastructure improvements, Mission presents promising investment opportunities for investors. Whether you are beginning or adding to your growing portfolio, Mission’s steady growth and development make it an attractive market to watch.

From its breathtaking natural beauty to its diverse housing options and family-friendly amenities, Mission offers an idyllic setting for those looking to invest in the Fraser Valley. With its unbeatable combination of affordability, convenience, and quality of life, Mission truly stands out as a desirable destination for buyers seeking the best of both worlds.

Location

Explore the Area Around 7440 Columbia Street, Mission

Mission
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Contact us today for more information or a private viewing of this Multi-Family Commercial

604.398.8836