Multi Family

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1018 MCNAMEE Place
Dentville Squamish V8B 0J4

$4,195,000
Multi-Family Commercial

Main Photo: 1018 MCNAMEE Place in Squamish: Dentville Multi-Family Commercial for sale : MLS®# C8034460
Photo 1: 1018 MCNAMEE Place in Squamish: Dentville Multi-Family Commercial for sale : MLS®# C8034460
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8034460
Build. Type:
Low Rise (2-4 stories)
Great opportunity to purchase an investment property in a central location of the fast growing city of Squamish. The subject property is improved with 9 townhouse units, all three bedroom at approximately 1,200 sf each. This is a great income generating investment property with future re-development potential. The property is located within the Wilson Crescent Micro Plan Policy and is currently zoned Residential Multiple Unit (RM-2) with floor space ratio up to 0.8. The plan indicates that for new development, the density is often increased by 25% to a total of 1.0 FSR. Opportunity to be combined with the neighbouring property, 1006 McNamee Place, for a greater development potential.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
9
# Storeys:
2.0
Year built:
1976 (Age: 44)
Land Use/Zoning:
RM-2
Taxes:
$12,853.38 / 2020
HVAC:
Baseboard, Electric
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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Listed by Royal LePage Sussex
Data was last updated October 20, 2020 at 05:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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