Build a Six-Storey Rental Apartment revenue machine! Ideally located steps to the Canada Line, City Hall and all of the amazing offerings of Cambie Village. With the ability to acquire two consecutive 50'x125' lots which offers you a total lot size of 12,500sqft and with the new Broadway Plan zoning allows up to 2.7FSR which equates to 33,750sqft. This location offers high yielding rents from $4 and up to $5 per square foot. Your tenants will love the location with only 4 Blocks to Broadway City Hall and Canada Line , 1 Block to Vancouver City Hall, 2 Blocks to Cambie Village shopping, 5 Blocks to Whole Foods, 10 minute walk to VGH, 5 minute walk to Simon Fraser Elementary, 2 minute drive to Downtown. The current long-term tenants provide a income stream during the development planning.
Address
324 W 12TH AVENUE
List Price
$3,298,000
Property Type
Residential Detached
Type of Dwelling
House/Single Family
Area
Vancouver West
Sub-Area
Mount Pleasant VW
Bedrooms
2
Bathrooms
2
Floor Area
1,645 Sq. Ft.
Lot Size
6250 Sq. Ft.
Year Built
1944
MLS® Number
R2946857
Listing Brokerage
RE/MAX Select Properties
Basement Area
None
Postal Code
V5Y 1V2
Zoning
RT-6
Tax Amount
$8,602.00
Tax Year
2023
Site Influences
Central Location, Lane Access, Private Setting, Private Yard, Recreation Nearby, Shopping Nearby
Features
ClthWsh/Dryr/Frdg/Stve/DW
Amenities
In Suite Laundry, Storage
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