Multi-family for sale

5330 Victoria Drive, Victoria VE, Vancouver

$5,298,000 or
$5,298,000 or

Multi-family for sale

5330 Victoria Drive, Victoria VE, Vancouver

Features

Lifestyle
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Year Built
1988
Floor Area
5,600 sqft
Lot Size
5,650 sqft
Gross Property Tax
$23,407 /year
Building Type
Low Rise (2-4 storeys), Mixed Use, Commercial Mix
Zoning
C-2
# of Parking Spaces
7
Subject Property Width
50 ft
Subject Property Depth
113 ft
Suite Mix Information
4 x 1 ½, 3 x Other
Total no. of Units
7
Financial Summary
$141,524

Description

Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver. Solid 2 storey property with 3 retail/commercial units on ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1988, torch-on roof 2005, 50' X 113' lot and C-2 Commercial. The current under-market rents presents a great opportunity for rental upside on the overall income revenue. The Bonus: Future development potential of a 4-storey mixed-use building to a maximum of 2.5 FSR and 14,125sf of buildable density or a 6-storey mixed-use rental development with an even higher buildable density. Please confirm with the City on all development potentials. Approx. Annual Gross Income of $141,524.
MLS® Number C8040643

Listing REALTOR®

Fred Choy, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Fred Choy

REALTOR®, Personal Real Estate Corporation

RE/MAX Real Estate Services

RE/MAX Real Estate Services,

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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