Multi Family

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694 ESQUIMALT Avenue
Park Royal West Vancouver V7T 1J5

$4,750,000
Land Commercial, Multi-Family Commercial

Main Photo: 694 ESQUIMALT Avenue in West Vancouver: Park Royal Land Commercial for sale : MLS®# C8047935
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8047935
SOLD WITH 693 DUCHESS AVENUE, AS AN ADJACENT LAND ASSEMBLY. A 0.5-acre multi-family development opportunity with value-add potential, located in close proximity to Park Royal Shopping Centre and Lions Gate Bridge in West Vancouver. Situated on a large lot size of 21,780 sq. ft., Duchess & Esquimalt provides exceptional street frontage (220 feet along Taylor Way and 100 feet along both Duchess Avenue and Esquimalt Avenue). The Site is currently improved by two single family homes. In addition, the Site is a 5-minute walk to the world-class Park Royal, the second largest shopping centre in BC, and is in proximity to several schools, parks, restaurants, and an abundance of retail/service amenities. Duchess & Esquimalt is located one block away from the Evelyn by Onni Group, completed in 2019. The development comprises 349 units in a mix of condo, townhomes, and single family homes. The Property provides a potential land assembly opportunity as the two additional neighbouring sites may also consider a sale.
Sale Type:
Asset
Name of Complex/Subdivision:
# Other Units:
Total Floor Area:
10,890 sq. ft.
Lot Area:
10,890 sq. ft.
Land Use/Zoning:
RS3
Permitted Use:
Multifamily (5+)
Taxes:
$4,422.65 / 2022
Roof:
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
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Original Price:
  • Photo 1: 694 ESQUIMALT Avenue in West Vancouver: Park Royal Land Commercial for sale : MLS®# C8047935
    Photo 1 of 1
Listed by CBRE Limited
Data was last updated December 4, 2022 at 04:40 AM (UTC)
Bruce Long CCIM, FRI, PREC
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