5330 Victoria Drive Vancouver, British Columbia V5P 3V7
$5,098,000
Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver. Solid 2 storey property with 3 retail/commercial units on ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1988, torch-on roof 2005, 50' X 113' lot and C-2 Commercial. The current under-market rental income presents a great opportunity for rental upside on the overall income revenue. The Bonus: Future development potential of a 4-storey mixed-use building to a maximum of 2.5 FSR and 14,125sf of buildable density or a 6-storey mixed-use rental development with an even higher buildable density (potential land assembly with neighbouring property). Please confirm with the City on all development potentials. Approx. Annual Gross Income of $141,524. (id:32672)
Property Details
| MLS® Number | C8040643 |
| Property Type | Multi-family |
Building
| Constructed Date | 1988 |
| Size Interior | 5600 Sqft |
Land
| Acreage | No |
| Size Irregular | 5650 |
| Size Total | 5650 Sqft |
| Size Total Text | 5650 Sqft |
| Zoning Description | C-2 |
https://www.realtor.ca/real-estate/23718344/5330-victoria-drive-vancouver
Interested?
Contact us for more information
Fred Choy
Personal Real Estate Corporation
#110 - 3540 West 41st Avenue
Vancouver, British Columbia V6N 3E6
(604) 263-2823
(604) 263-1057
www.remaxres.ca
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April 21 2022 06:52:03
Real Estate Board Of Greater Vancouver
RE/MAX Real Estate Services