Multi Family

223 E 16TH Avenue
Mount Pleasant VE Vancouver V5T 2T5

$15,000,000
Land Commercial, Multi-Family Commercial

Main Photo: 223 E 16TH Avenue in Vancouver: Mount Pleasant VE Land Commercial for sale (Vancouver East)  : MLS® # C8014864
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8014864
Status:
Active
Build. Type:
Low Rise (2-4 stories)
A rare opportunity to acquire an 11, 506 square foot site in Mount Pleasant in the very desired and trendy Main Street corridor. The Property offers 23 FULLY RENOVATED suites (see website for list of extensive renovations), underground parking, elevator, balconies, oversized patios and TERRIFIC UPSIDE IN RENTAL INCOME. ASSEMBLY POTENTIAL as the neighbor is also for sale, allowing one to assemble an additional 5,906 square feet (with holding income) for a potential long term redevelopment totaling 17,412 sqft. Turnkey property with wonderful residents, condo-quality renovations and very easy to manage.
Sale Type:
Asset
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
23
Year built:
1973 (Age: 44)
Total Floor Area:
11,056 sq. ft.
Land Use/Zoning:
RM-4M
Taxes:
$15,570.65 / 2017
# Elevators:
1
Water Supply:
Municipal
HVAC:
Hot Water
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
$334,149
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
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Larger map options:
Avison Young Comm. R.E. Inc.
Listing information last updated on 25-Sep-2017 11:05 PM