My Listings

1441 W 70TH Avenue
Marpole Vancouver V6P 2Z3

$8,400,000
Land Commercial, Multi-Family Commercial

Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8041996
Build. Type:
Low Rise (2-4 stories)
Fabulous 22 unit well maintained apartment building in Marpole with excellent redevelopment potential. On transit and 1 1/2 blocks from Safeway, banks, shops, restaurants and transit to downtown. This 114.78' X 105.58' corner site is RM-3A zoned allowing for a 2.5 FSR and is part of the Marpole Conununity Plan designating it as a 6 - storey rental redevelopment site which will afford beautiful southwest views to the airport and gulf islands. Great holding/investment/development property!
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
# Units:
22
# of Bachelor Appartments:
6
# of 1 Bedroom Appartments:
13
# of 2 Bedroom Appartments:
3
Year built:
1969 (Age: 53)
Total Floor Area:
24,000 sq. ft.
Lot Area:
12,118 sq. ft.
Lot Depth:
114.78
Lot Frontage:
105'7"
Land Use/Zoning:
RM-3A
Permitted Use:
Multifamily (5+)
Taxes:
$18,592.6 / 2021
Balconies, Laundry Facility, Secured Parking, Secured Yard
# Elevators:
0
Water Supply:
Municipal
HVAC:
Common Water Heater
Roof:
Tar & Gravel
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Cap Rate %:
1.94
Effective Gross Income:
$284,000
Gross Income:
$284,000
Oper. Expenses:
$121,000
Net Operating Income:
$163,000
Original Price:
$8,400,000
Listed by Maude, MacKay & Company Limited
Data was last updated January 17, 2022 at 04:35 AM (UTC)
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