Multi-family for sale
1130 Granville Street, Downtown VW, Vancouver
$7,250,000
$7,250,000
Multi-family for sale
1130 Granville Street, Downtown VW, Vancouver
Features
Year Built
1910
Floor Area
12,000 sqft
Lot Size
3,000 sqft
Gross Property Tax
$30,376.60 /year
Building Type
Low Rise (2-4 storeys), Mixed Use, Residential Mix
Zoning
DD-DOWNTOWN DISTRICT
Subject Property Width
25 ft
Subject Property Depth
120 ft
Suite Mix Information
2 x 1 ½, 4 x 2 ½, 2 x Other
Total no. of Units
8
Financial Summary
$154,000
Description
Presenting 1130 Granville, centrally located in Vancouver's bustling Downtown Entertainment District. This property spans 12,000 sft of mixed-use space, combining the charm of vintage aesthetics with modern potential. It features original handmade brick walls, hardwood floors, and high ceilings ranging from 12 to 16 feet, perfect for a variety of business ventures.The building houses 2 commercial spaces and 6 residential units (4 2-beds and 2 1-bedr apartments). With significant changes on the horizon for Granville Street and developments like 717 Davie spotlighting this area, 1130 Granville stands as a focal point for renewed tourism and business interest. Although the main and basement levels remain vacant, the easing of licensing rules create a compelling investment opportunity. Priced at a proposed $7.25 million with a minimum projected cap rate of 7% at full occupancy, this property promises substantial returns for the discerning investor looking to capitalize on Vancouver’s Growth. Don't miss this!!
MLS® Number C8059817