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$ 8,800,000
Est. payment | /mo
0.27 Acres Lot
$ 8,800,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8069411
Year Built 1983
Lot Size 0.270 Acres
Property Sub-Type Multi Family
Property Description
Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property at 4589 Gladstone, is 6-storey mixed-use building built in 2024 that includes 284 beds for student housing and 12,000 SF of retail.
Location
Province BC
Community Victoria Ve
Area Vancouver East
Zoning C-2
Interior
Heating Baseboard, Hot Water
Appliance Separate Water Heater
Exterior
Utilities Available Electricity Connected, Fully Serviced, Sidewalk
Street Surface Paved
Total Parking Spaces 35
Building
Story 3
Sewer Public Sewer
Water Public
Others
Ownership Freehold
Security Features Security System,Building Security
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