Commercial Land for sale

1651 Venables Street, Hastings, Vancouver

$2,498,000 or
$2,498,000 or

Commercial Land for sale

1651 Venables Street, Hastings, Vancouver

Features

Lifestyle
224941858 2498000 /en/commercial-land~for-sale~hastings-vancouver/224941858?view=Summary /en/commercial-land~for-sale~hastings-vancouver/224941858/photos 49.2768200000 -123.0715900000 true
Gross Property Tax
$5,860.34 /year
Building Type
Low Rise (2-4 storeys)
Zoning
I-2
# of Parking Spaces
6
Permitted Land Use
Other
92

Description

*BONUS 2.75% TO OUTSIDE BROKER* OPPORTUNITY To purchase a high exposure, renovated building with 33’ of frontage on Venables Street. With a clean environmental assessment report and newly renovated interiors, this is an excellent acquisition opportunity for investors looking for stable holding income, or owner/ users looking for a new home in the constantly changing Grandview Woodland neighborhood. The I-2 zoning permits a 3.0 FSR on the site as an industrial or office building, providing the option to add value through building a third floor above the existing structure, or continue use as a residential rental property. Ideal entry investment or owner/user opportunity in “The Drive” neighborhood • Income producing multifamily on I-2 lot • Potential to build up to 12,000 sf or convert to commercial use • Tremendous exposure at Venables & Commercial Drive • Five minutes to downtown • Below market rents in place
MLS® Number C8036789

Listing REALTOR®

Matthew Maclean, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Matthew Maclean

REALTOR®, Personal Real Estate Corporation

Cushman & Wakefield

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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