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1622 E 1ST AVE | Grandview | Vancouver BC

 

1622 E 1ST AVE | Grandview | Vancouver BC

Asking $1,499,000

8 BEDS | 3 BATHS | 2440 SQFT

 

Investors alert in prime and vibrant Commercial Drive area. This property brings in $55,800 per year and nets around 3% cap rate. The RM-4N zoning offers great opportunity for new development and is in line for new RM6 zoning in near future, which offers 2.4 FSR and 6 storeys potential. The property has a newer roof, furnace, HWT and is always fully rented. Great holding property with future potential development. Call today to get more information.

 

Want to know more about the deal of the month?

 

CALL ADAM (778-866-4574)

OR MATT (778-847-2854)

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*Considering a real estate transaction? One of the first decisions you will need to make is whether you should work with a licensed real estate professional who will represent you. Take a moment to read this important consumer protection information from the Real Estate Council of BC. This form explains the special legal duties that real estate professionals owe to their clients. CLICK HERE and please call 778-847-2854 or 778-866-4574 immediately if you would like to discuss.

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