1550 PHILIP AVENUE
North Vancouver, BC V7P2V8
$4,300,000
Property Details
Property & Lot
- Lot size
- 17,211 square feet
C9
Ownership & Fees
- Property type
- Land / Lot
- Annual property tax
- $69,282.09 (2025)
Interior
- Fireplace
- None
Listing Information
- MLS®
- C8078429
- Listed
- May 1, 2026
- Time on market
- On the market for 122 days
- Tax assessment year
- 2025
- Data last synced
- August 28, 2026
Listing provided by: Marcus & Millichap · Data source: CREA DDF.
Description
Opportunity to acquire 1550 Philip Avenue, located just south of Marine Drive in North Vancouver. The property comprises 17,211 SF of land improved with a 2,492 SF single storey fully fixtured restaurant. This offering may include a sale leaseback opportunity with Tomahawk restaurant, as the current owner-occupier would consider remaining on the property. Located just steps to Marine Drive, a major thoroughfare in North Vancouver, the property benefits from ease of access via transit or vehicle and is just a 15-minute drive to Downtown Vancouver. Please do not disturb tenant or employees. Privacy is extremely important. (id:63159)
Values & Trends
This listing
$1,726/sqft
Building average
—
No other active listings in this building
North Vancouver average
$1,135/sqft
4 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: West Vancouver
17°C
—
Humidity 66%
Wind NE calm km/h
Tonight
14°
Tuesday
20°
Tuesday night
15°
Wednesday
19°
Wednesday night
14°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
146,288
(2021 Census)
+5.6% since 2016
Density: 848.1/km²
Dwellings: 63,200
Median household income: $108,300
After-tax: $93,882
Immigrant population: 34.7%
Top countries of origin (% of total population)
- Iran7.8% · 11,435
- United Kingdom4.1% · 5,975
- Philippines3.1% · 4,470
- China1.9% · 2,815
- United States of America1.5% · 2,200
- Korea, South1.4% · 2,065
- South Africa, Republic of0.9% · 1,355
- India0.9% · 1,305
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
70
8/9 categories nearby
Transit
33
5 stop(s) within 800m
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Norgate Community Elementary | Elementary | 321 m |
| Capilano Elementary | Elementary | 737 m |
| Bodwell High School(Independent) | Secondary | 1.3 km |
| St. Anthony's(Independent) | Elementary | 1.7 km |
| Westview Elementary | Elementary | 1.7 km |
| Ecole Cedardale | Elementary | 1.8 km |
| St. Thomas Aquinas(Independent) | Secondary | 2.0 km |
| Highlands Elementary | Elementary | 2.1 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
| Stop | Type | Distance |
|---|---|---|
| Eastbound Marine Dr @ Philip Ave | — | 194 m |
| Westbound Marine Dr @ Philip Ave | — | 206 m |
| Westbound Marine Dr @ Bridgman Ave | — | 254 m |
| Eastbound Marine Dr @ Bridgman Ave | — | 303 m |
| Westbound Marine Dr @ Bowser Ave | — | 315 m |
Nearby Places
Restaurants (5+)
- Pho Garden · 1469 Marine Drive168 m
- Casa Corsi · 1509 Marine Drive215 m
- Lion Hot Pot · 1356 Marine Drive221 m
- Kypriaki Mediterranean Grill · 106-1346 Marine Drive230 m
- Sushi Man · 1307 Marine Drive237 m
Cafes (5+)
- Tim Hortons · 1409 Marine Drive133 m
- Abadan · 1431 Marine Drive140 m
- Starbucks323 m
- Bean Around The World Coffees · 105-1575 Pemberton Avenue395 m
- Douce Diner · 1490 Pemberton Avenue418 m
Grocery (3)
- Bulk Barn248 m
- Sungiven Foods · 1595 Marine Drive250 m
- Save-On-Foods398 m
Parks (5+)
- Anderwood Park241 m
- Norgate Park407 m
- Welch Park490 m
- Ashdown Park565 m
- Unnamed754 m
Shopping (1)
- Norgate Centre152 m
Gyms (2)
- Healthy You Pilates Studio · 1470 Pemberton Avenue427 m
- Orangetheory Fitness501 m
Pharmacies (4)
- Remedy'sRx · 1268 Marine Drive393 m
- North West Marine Pharmacy483 m
- Pharmasave594 m
- Pharmasave732 m
Banks & ATMs (3)
- Vancity · 1290 Marine Drive301 m
- TD Canada Trust · 101-1226 Marine Drive439 m
- BMO · 1120 Marine Drive625 m
Nearby places data: © OpenStreetMap contributors.
School district: North Vancouver (SD44)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($860,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.