Multi-family for sale
1546 W 12th Avenue, Fairview VW, Vancouver
$5,890,000
Features
Year Built
1927
Floor Area
8,113 sqft
Lot Size
7,812 sqft
Gross Property Tax
$16,844.70 /year
Building Type
Freestanding, Mul Tenant/MultiPlex (5+)
Building / Complex Name
Santa Monica
Zoning
RM-3
# of Parking Spaces
4
Subject Property Width
62.5 ft
Subject Property Depth
125 ft
Amenities
Alarm System, Laundry Facility, Secured Building
Suite Mix Information
x Bachelor/Studio, 7 x 1 ½, 1 x 2 ½
Description
Opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver's desirable South Granville neighbourhood. The property consists of a 7,813 SF site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential.
MLS® Number C8066769