Multi-family for sale
324 W 12th Avenue, Mount Pleasant VW, Vancouver
$3,298,000
Features
Year Built
1944
Floor Area
1,645 sqft
Lot Size
6,250 sqft
Gross Property Tax
$9,502.19 /year
Building Type
Freestanding
Zoning
RT-6
Subject Property Width
50 ft
Subject Property Depth
125 ft
Description
Build a Six-Storey Rental Apartment revenue machine! Welcome to 324 West 12th Ideally located steps to the Canada Line, City Hall and all of the amazing offerings of Cambie Village. With the ability to acquire two consecutive 50'x125' lots which offers you a total lot size of 12,500sqft and with the new Broadway Plan zoning allows up to 2.7FSR which equates to 33,750sqft. This location offers high yielding rents from $4 and up to $5 per square foot. Your tenants will love the location with only 4 Blocks to Broadway City Hall and Canada Line , 1 Block to Vancouver City Hall, 2 Blocks to Cambie Village shopping, 5 Blocks to Whole Foods, 10 minute walk to VGH, 5 minute walk to Simon Fraser Elementary, 2 minute drive to Downtown. The current long-term tenants provide a stable income stream during the development planning process.
MLS® Number C8064711