Data last updated 12:06 PM, November 15, 2017
$1,499,000

1622 E 1ST AVENUE   Vancouver, BC

MLS®: R2198021
URL:    
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.
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 Information

Prop. Type:
House/Single Family
Property Style:
2 Storey w/Bsmt.
Status:
Active
City:
Vancouver
Bedrooms:
8
Full Bathrooms:
2
Half Bathrooms:
1
Neighborhood:
Grandview VE
Area:
Vancouver East
Province:
BC
MLS® Number:
R2198021
Added On:
Aug 16, 2017
Listing Price:
$1,499,000
Taxes:
$4,849

General Information

Year Built:
1906
Flr Area Fin - Total:
2440 ft2
Floor Area Finish - Main Floor:
870 ft2
Tax Year:
2017
Lot Size (sqft):
4356 ft2
Lot Size (Acres):
0.1
Frontage:
33 ft2
Total Square Feet:
2440ft2

Additional Information

Basement Area:
Fully Finished

Other Information

Site Influences:
Clothes Washer/Dryer, Refrigerator, Stove

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This property is listed by RE/MAX Crest Realty and provided here courtesy of Sutton Group - 1st West Realty. For more information or to schedule a viewing please contact Sutton Group - 1st West Realty.
Sutton Group - 1st West Realty
Phone: 604-942-7211
Inquire Via Email
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