Multi Family

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360 E 14TH Avenue
Mount Pleasant VE Vancouver V5T 2M8

$17,880,000
Multi-Family Commercial

Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8048840
Build. Type:
Freestanding
Multi-family investment and redevelopment opportunity across from Mount St. Joseph Hospital in Vancouver's Mount Pleasant neighbourhood. The property is improved with an extensively renovated 28-unit apartment building and offers strong and stable cash flow while planning for future redevelopment under the direction of the Broadway Plan. Standalone or assembled (378 E 14th Avenue also available for sale) development options may be considered by the City of Vancouver for 95,505 to 116,493 buildable square feet - 80% market I 20% below-market rental density. Favourable CMHC debt at 2.789% interest may be assumable by a qualified purchaser. Reach out to the listing agents for more information.
Sale Type:
Asset or Share
Total space avail for lease:
15,293 sq. ft.
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
28
# Other Units:
# of Appartments:
28
# of Bachelor Appartments:
3
# of 1 Bedroom Appartments:
23
# of 2 Bedroom Appartments:
2
# Storeys:
3.0
Year built:
1965 (Age: 58)
Lot Area:
14,693 sq. ft.
Lot Depth:
122
Lot Frontage:
120'9"
Land Use/Zoning:
RM-4
Permitted Use:
Multifamily (5+)
Taxes:
$34,043.3 / 2022
Services Connected:
Electricity, Lane, Lane Paved, Paved Streets, Sanitary Sewer, Sewer - Storm, Street Lighting, Sidewalk, Storm Sewer at Lot Line, City Water at Lot Line
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
Listed by Avison Young
Data was last updated February 9, 2023 at 04:40 AM (UTC)
Bruce Long CCIM, FRI, PREC
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