Multi-family for sale
1033 Granville Street, Downtown VW, Vancouver
$11,750,000
Features
Floor Area
14,196 sqft
Lot Size
6,000 sqft
Gross Property Tax
$95,829.50 /year
Zoning
DD COMPRHSV DVPLMNT
Subject Property Width
50 ft
Subject Property Depth
120 ft
Suite Mix Information
8 x 3 ½
Description
Corbel Commercial is pleased to present an exceptional opportunity to acquire a free standing 3-storey, mixed use asset located at 1033 Granville Street in Downtown Vancouver, priced to sell with a new $745,000 price reduction. The subject property is comprised of 3 fully leased Commercial Restaurant/Retail units on the main floor plus 8 massive, 3-bedroom, fully refurbished character residential units on floors 2 and 3. The building has undergone a substantial renovation to include new glass retail storefronts, upgraded building systems, 3 commercial grade venting systems for commercial kitchens, and fully restored, character residential, market rental units above, centrally located in the heart of the Granville Entertainment District. At an approx. 5.34% Cap Rate, this is an excellent income generating investment with huge potential redevelopment opportunities in the future. Please contact the listing agent for further details.
MLS® Number C8069676