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$ 2,299,000
Est. payment | /mo
3,049 Sqft Lot
$ 2,299,000
Est. payment | /mo
3,049 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8076073
Year Built 1991
Lot Size 3,049 Sqft
Property Sub-Type Multi Family
Property Description
INVESTOR ALERT 7.58% Gross Cap, 11.0 FSR Potential & Massive Railtown Upside! Turn-key investment on the edge of vibrant Railtown. This fully tenanted mixed-use building offers 5 revenue streams: three 2-bedroom residential suites with park views/balconies, a high-visibility retail unit, and a garage/warehouse space. Separately metered for electricity, it delivers a rare 7.58% gross cap rate at the listing price. DEVELOPMENT UPSIDE: High-exposure corner lot in the DEOD with massive zoning upgrades. Capitalize on an FSR up to 11.0 for secured rental projects, heights up to 32 storeys, and slashed social housing requirements. Under Bill 18, compliant projects bypass public hearings to fast-track timelines. Minutes to the new $2.2B+ St. Paul's Hospital campus. Secure strong immediate cash flow with legendary future upside!
Location
Province BC
Community Strathcona
Area Vancouver East
Zoning DEOD COMPREHENSIVE
Interior
Heating Baseboard
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Other
Building
Story 3
Sewer Public Sewer, Sanitary Sewer
Water Public
Others
Ownership Freehold
Schools and Properties Nearby