Multi Family

1368 E 8TH Avenue
Grandview VE Vancouver V5N 1T2

$6,950,000
Multi-Family Commercial, Land Commercial

Main Photo: 1368 E 8TH Avenue in Vancouver: Grandview VE Multi-Family Commercial for sale (Vancouver East)  : MLS® # C8017049
Prop. Type:
Multi-Family Commercial, Land Commercial
MLS® Num:
C8017049
Status:
Active
Build. Type:
Low Rise (2-4 stories)
A unique opportunity to acquire a 15-unit rental apartment building in the Grandview-Woodland area of Vancouver. The property offers tremendous value-add potential and is conveniently located within 300 metres of the VCC Skytrain Station and within 500 metres of the Commercial-Broadway Station for access to both the Expo and Millennium Lines. Additionally, the site is situated within the Station Residential subarea of the Grandview-Woodland OCP supporting future redevelopment up to 10-storeys and a 3.60 FSR. This offering allows an investor to immediately begin a renovation program to capitalize on the escalating rents achievable for renovated product in the area while preserving long-term redevelopment potential through assembly. The property was built in 1994 and features two levels of secured underground parking situated on a 8,045 sf lot.
Sale Type:
Asset
Property Type:
Multi-Family Commercial, Land Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
Year built:
1994 (Age: 24)
Total Floor Area:
10,984 sq. ft.
Land Use/Zoning:
RM4
Taxes:
$10,867.95 / 2017
# Elevators:
1
HVAC:
Radiant
Env Assmt Phase:
Phase/Stage 1
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Effective Gross Income:
Gross Income:
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Condo Fee:
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  • Photo 1: 1368 E 8TH Avenue in Vancouver: Grandview VE Multi-Family Commercial for sale (Vancouver East)  : MLS® # C8017049
    Photo 1 of 1
Larger map options:
Avison Young Comm. R.E. Inc.
Listing information last updated on 5-Feb-2018 7:05 PM