Multi Family
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8051740
- Build. Type:
- Low Rise (2-4 stories)
- Photos (3)
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East Vancouver’s latest apartment building FOR SALE. Situated on a corner lot in the quiet Cedar Cove, this building offers 12 suites (11 one-bedroom & 1 two-bedroom) in excellent condition. All units are made special by spacious wraparound balconies. The north-facing units on the second and third floors especially enjoy the magnificent view of the Burrard Inlet and the North Shore mountains. The south-facing units have large windows that allow ample light in. The property features a beautiful garden, well maintained by residents. Tenants also enjoy the convenience of the large private parking lot that is perfect for 9 vehicles. Updates have been implemented recently to increase the value of the property. Such updates include a new roof, hot water tank, hot water boiler, and double-glazed windows. Future development is available as well with a potential 2.4 FSR for purpose-built rental in the Grandview Woodland’s OCP. Current rents are substantially below market providing opportunities for rent increases.
- Sale Type:
- Asset
- Sublease:
- No
- Total space avail for lease:
- 8,174 sq. ft.759.389 m2
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- Name of Complex/Subdivision:
- Signup
- # Units:
- 12
- # Other Units:
- Signup
- # of Appartments:
- 12
- # of 1 Bedroom Appartments:
- 11
- # of 2 Bedroom Appartments:
- 1
- # Storeys:
- 2.0
- Year built:
- 1967 (Age: 56)
- Lot Area:
- 0 sq. ft.0 m2
- Lot Depth:
- 122
- Lot Frontage:
- 67'20.422 m
- Land Use/Zoning:
- RM-3A
- Permitted Use:
- Multifamily (5+)
- Taxes:
- $9,826.59 / 2022
- Services Connected:
- Curb; Gutter, Fully Serviced, Lane Paved, Street Lighting, Sidewalk
- Water Supply:
- Municipal
- HVAC:
- Common Water Heater
- Roof:
- Signup
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- No
Larger map options:
Listed by RE/MAX Crest Realty
Data was last updated June 10, 2023 at 02:10 PM (UTC)
- Bruce Long CCIM, FRI, PREC
- MACDONALD COMMERCIAL R.E.SERV.
- 1 (604) 3122000
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