8,113 ft2
$5,000,000
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. (id:46156)
Property Details
MLS® Number
|
C8066769 |
Property Type
|
Multi-family |
Features
|
Lane |
Road Type
|
Paved Road |
Building
Amenities
|
Street Lighting |
Constructed Date
|
1927 |
Fire Protection
|
Alarm System |
Size Interior
|
8,113 Ft2 |
Land
Acreage
|
No |
Size Irregular
|
7812 |
Size Total
|
7812 Sqft |
Size Total Text
|
7812 Sqft |
Zoning Description
|
Rm-3 |
Utilities
Electricity
|
Available |
Water
|
At Lot Line |
Natural Gas
|
Available |
Sewer
|
Available |
https://www.realtor.ca/real-estate/27927820/1546-w-12th-avenue-vancouver