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: 41)
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 January 15, 2026 at 01:35 AM (UTC)
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.