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1648 E 1ST Avenue
Grandview Woodland Vancouver V5N 1A7

$6,200,000
Multi-Family Commercial

Main Photo: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 1: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 2: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 3: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 4: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 5: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Photo 6: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8028287
Build. Type:
Low Rise (2-4 stories)
STRONG RENTAL INCOME with future development opportunity for 100% secured rental housing up to 2.4FSR 6 Storeys. Building is occupied with stable tenant. Property located adjacent to RBC, across the street from Super Valu market. Il Mercato Shopping Centre, Tim Hortons, Vancity, and professional offices. This area is a magnet for young professionals and first time home buyers looking for a balance of lifestyle and convenience.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Brick/Masonry, Concrete
Building Type:
Low Rise (2-4 stories)
# Units:
0
# Storeys:
6.0
Year built:
1958 (Age: 61)
Land Use/Zoning:
RM-4N
Taxes:
$15,607.95 / 2019
Env Assmt Phase:
None
Cap Rate %:
2.66
Other Income:
$0
Effective Gross Income:
$0
Gross Income:
$177,551
Oper. Expenses:
$12,346
Net Operating Income:
$165,205
Original Price:
$6,200,000
  • Photo 1: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
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  • Photo 2: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
    Photo 2 of 6
  • Photo 3: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
    Photo 3 of 6
  • Photo 4: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
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  • Photo 5: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
    Photo 5 of 6
  • Photo 6: 1648 E 1ST Avenue in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8028287
    Photo 6 of 6
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Data was last updated November 18, 2019 at 12:10 AM (UTC)
Edward Cheung
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.