Just Listed 1605 E 8th Ave Vancouver BC – Grandview Woodland Development – Investment Opportunity

Address: 1605 E 8th Ave Vancouver, BC – Grandview Woodland

List Price: $1,899,000

List Date: March 23, 2021

Bedroom: 3 + 2 Dens
Bathroom: 2
House Size: 1417 sqft
Lot Size: 3386 sqft
Built: 1923
Zoning: RM-4N

Legal Suite

Description:

Central location. Broadway Commercial Station, Commercial Drive. Outstanding amenities, restaurants in one of the most sought after areas of the City. This property has it all! Development and investment opportunity a stone throw away from Broadway and Commercial station. Legal suite tastefully finished and done with permits. RM4N zoning allows up to 1.45 FSR development for the property. Grandview Official Community Plan allows for 10 Storey condo development with a FSR of 3.6
Can be sold together with 1625 E 8th as a share sale.

Combined Gross Rent for both properties at $98,000+ per year.

Property at 2.17% CAP rate.

Interior pictures taken before tenants moved in.