1603 E Broadway
Grandview Woodland Vancouver V5N 1V9

$8,900,000
Multi-Family Commercial

Main Photo: 1603 E Broadway in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8066596
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066596
Build. Type:
Low Rise (2-4 storeys)
AMAZING OPPORTUNITY! This well maintained 22 UNITS STRATA BUILDING offers 20-one-bedroom units and 2-two-bedrooms units. All with their own legal description. There are only two owners, one owner owns 11 units and the other owns the other 11 units. European built in the 1980’s, first time to market. This site is situated in the Commercial Drive Station Plan that can propose huge density and development upside. Ideal to keep as a rental and increase rents, renovate and sell off individual units or buy hold and develop in the future. There are many options. The rents are well under market, huge upside.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
0
Building Type:
Low Rise (2-4 storeys)
# Bldgs:
1
# Units Total:
22
# Other Units:
22
# of Apartments:
22
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
20
# of 2 Bedroom Apartments:
2
# of 3 Bedroom Apartments:
0
Year built:
1982 (Age: 43)
Living Area:
12,078 sq. ft.
Subject Space Depth:
122'
Subject Space Width:
99'
Title to Land:
Freehold
Lot Area:
0 sq. ft.
Zoning:
RM-4 DD
Heating:
None
Cooling:
None
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
800176207
Taxes:
$0 / 2024
No
1% OF TOTAL SALE PRICE
Water Supply:
Public
Water Rights:
No
Roof:
Other
Env Assmt Phase:
No
Cap Rate %:
2.0
Gross Income:
330688.0
Oper. Expenses:
155248.0
Other Income:
$2,663
Effective Gross Income:
$333,351
Net Operating Income:
$178,103
Original Price:
$8,900,000
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Listed by Sutton Group-West Coast Realty and Rennie & Associates Realty Ltd.
Data was last updated May 4, 2025 at 09:35 AM (UTC)