Opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver's desirable South Granville neighbourhood. The property consists of a 7,813 SF site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential. (id:61048)
MLS® Number | C8066769 |
Property Type | Multi-family |
Neigbourhood | South Granville |
Features | Lane |
Road Type | Paved Road |
Amenities | Street Lighting |
Constructed Date | 1927 |
Fire Protection | Alarm System |
Size Interior | 8,113 Ft2 |
Acreage | No |
Size Irregular | 7812 |
Size Total | 7812 Sqft |
Size Total Text | 7812 Sqft |
Zoning Description | Rm-3 |
Electricity | Available |
Water | At Lot Line |
Natural Gas | Available |
Sewer | Available |
https://www.realtor.ca/real-estate/27927820/1546-w-12th-avenue-vancouver
Contact us for more information
Jake Luft
Personal Real Estate Corporation
(604) 736-5611
(604) 736-7976
www.macdonaldcommercial.com
Carl Chen
Personal Real Estate Corporation
(604) 736-5611
(604) 736-7976
www.macdonaldcommercial.com
Willa Wang
Personal Real Estate Corporation
(604) 370-2111
www.remaxcrest.ca/