Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver. Solid 2 storey property with 3 retail/commercial units on ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1988, torch-on roof 2005, 50' X 113' lot and C-2 Commercial. The current under-market rental income presents a great opportunity for rental upside on the overall income revenue. The Bonus: Future development p…otential of a 4-storey mixed-use building to a maximum of 2.5 FSR and 14,125sf of buildable density or a 6-storey mixed-use rental development with an even higher buildable density (potential land assembly with neighbouring property). Please confirm with the City on all development potentials. Approx. Annual Gross Income of $141,524.
Listed by RE/MAX Real Estate Services.