Property Details


List Price
$1,499,000
Sold on
2018-01-15
MLS®#
R2198021
Property Address
1622 E 1ST AVENUE, Vancouver East, BC, V5N 1A7, Canada
Type
House with suite
Style
2 Storey w/Bsmt.
Basement
Fully finished
Year Built
1906
Taxes
$4,849.16
Living Area
2,440 sq.ft.
Lot Depth
132 ft
Lot Size Area
4,356 sq.ft.
Bedrooms
8
Bathrooms
3 full
Maintenance Fee
$0.00

Grandview VE

1622 E 1ST AVENUE, Vancouver East, BC, V5N 1A7, Canada

Description

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.

Listing Provided By

RE/MAX Crest Realty Westside

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 Real Estate Listing provided by
  • RE/MAX Crest Realty - Westside
  • 3215 Macdonald St
  • Vancouver, BC
  • V6L 2N2