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$5,890,000
Est. payment /mo
8,113 SqFt
UPDATED:
02/21/2025 05:51 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,113 sqft
Price per Sqft $725
Subdivision Fairview Vw
MLS Listing ID C8066769
Year Built 1927
Annual Tax Amount $16,844
Tax Year 2024
Property Description
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.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Building/Complex Name Santa Monica
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Land Commercial,Multi-Family Commercial
Story 2
Water Municipal
Structure Type Mixed
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Listed by Macdonald Commercial Real Estate Services Ltd.
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Zomorodian Real Estate Group
Team Leader | License ID: V99000
Team Leader License ID: V99000