- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8066596
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (31)
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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
- Ownership:
- Freehold
- 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'
- 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 %:
- 1.98
- Gross Income:
- 330688.0
- Oper. Expenses:
- 156736.0
- Other Income:
- $2,663
- Effective Gross Income:
- $333,351
- Net Operating Income:
- $176,615
- 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 20, 2025 at 10:40 PM (UTC)
- MARIO FELICELLA
- SUTTON WEST COAST REALTY
- 1 (604) 6496905
- Contact by Email
Mario Felicella Personal Real Estate Corporation
Sutton Group-West Coast Realty
Sutton Group-West Coast Realty
#301 - 1508 West Broadway, Vancouver, British Columbia V6J 1W8