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$3,538,000
Est. payment /mo
4,451 SqFt
UPDATED:
02/21/2025 12:40 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,451 sqft
Price per Sqft $794
Subdivision Mount Pleasant Ve
MLS Listing ID C8066852
Year Built 1920
Annual Tax Amount $9,118
Tax Year 2024
Property Description
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Within the Broadway Plan - "Mount Pleasant South Apartment Area B", and Mount Pleasant Station Transit Oriented Development Area (TOA), excellent future development potential when combined with neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 X 1 Bedroom + Den self contained units. Annual Gross income of approx. $135,345 and 3.31% return. The current under-market rents present a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
Location
Province BC
Community Mount Pleasant Ve
Area Vancouver East
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Exterior
Roof Type Asphalt Shingles
Building
Dwelling Type Multi-Family Commercial
Story 3
Water Municipal
Unit Floor 1
Structure Type Wood Frame
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Listed by RE/MAX Real Estate Services
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Zomorodian Real Estate Group
Team Leader | License ID: V99000
Team Leader License ID: V99000