Just Listed 1625 E 8th Ave Vancouver, BC – Grandview Woodland – Broadway and Commercial Station

Address: 1625 E 8th Ave Vancouver, BC – Grandview Woodland

List Price: $1,499,000

List Date: March 23, 2021

Bedroom: 3
Bathroom: 2
House Size: 1505 sqft
Lot Size: 2666 sqft
Built: 1928
Zoning: RM-4N

Description:

Outstanding investment and holding opportunity a stone throw from Broadway and Commercial station. Beautiful 1928 charming home with tremendous investment and development upside. Half a block to Commercial Dr. All the restaurants, amenities, grocery stores within walking distance of this home. Situated right next to a community garden. Grandview Community Plan allows for 3.6FSR 10 storey condo development. Current RM4N zoning has a maximum of 1.45FSR. Property backs into the Grandiview Cut. Can be sold together with 1605 E 8th Ave as a share sale held by the same company. Interior pictures taken prior to tenants moving in. Priced at $155/SF buildable based on 3.6FSR density.

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