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1625 E 8th Avenue Vancouver, British Columbia V5N 1T6

$1,499,000

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. The Drive, Little Italy and close to 300 merchants in near vicinity. 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.CAP rate for both properties at 2.26% based on asking prices. 1605 E 8th Priced at $1,899,000 Total land package 3385SF + 2666SF for total of 6055SF of development land. (id:33533)

Property Details

MLS® Number C8037365
Property Type Vacant Land
Road Type Paved Road

Building

Constructed Date 1928
Fireplace Present No

Land

Acreage No
Sewer Storm Sewer
Size Irregular 2666
Size Total 2666 Sqft
Size Total Text 2666 Sqft
Zoning Description Rm-4n

Utilities

Electricity Available
Natural Gas At Lot Line
Sewer Available
Water Available

https://www.realtor.ca/real-estate/22982080/1625-e-8th-avenue-vancouver

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