2280 McGill Street, Hastings, Vancouver

$5,800,000 |   MLS® Number  C8068629

Multi-family for sale in Hastings, Vancouver, Vancouver East, 2280 McGill Street, 224973698 | Realtylink.org

Multi-family for sale

Floor Area
12,078 sqft
Lot Size
12,078 sqft
Gross Property Tax
$17,879 /year
Suite Mix Information
x Bachelor/Studio, 14 x 1 ½, 3 x 2 ½
Total no. of Units
20
Financial Summary
$318,540

Constructed in 1966, the property is a well-maintained three-storey apartment building situated on McGill Street in the Cedar Cove area of Grandview Woodlands. The building is situated on a 12,006 SF lot with a surface-level parking area at the rear. The property is designated for a 6-storey apartment at a density of up to 2.40 FSR within the Grandview-Woodland Community Plan, offering long-term redevelopment potential. The building has a suite mix of 16 one-bedrooms, 3 two-bedrooms, and one bachelor suite, most of which are equipped with a balcony or patio. Each suite is separately metered for hydro, paid by the tenants. The heating is supplied via hot water baseboard radiators with a new IBC high-efficiency boiler and a hot water tank recently upgraded.