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1616 NANAIMO Street in Vancouver: Renfrew VE Land Commercial for sale (Vancouver East) : MLS®# C8021090

1616 NANAIMO Street Vancouver V5L 4V1 : Renfrew VE

$2,399,000
Prop. Type:
Land Commercial
MLS® Num:
C8021090
Status:
Active
Build. Type:
Mixed Use
Priced to sell! Well kept original owner home with huge potential for redevelopment. Currently zoned C-1. City has approved commercial mix usage up to 2.5 FSR. Lot will need to go through a private rezoning process and would be treated as potential C-2 development opportunity. Transit oriented location close to Commercial Dr. and only 13 mins drive to downtown Vancouver. Priced at 192/sf Buildable @ 2.5 FSR. House is in good shape and very well kept for the age. 3 beds up and 1 bed down. Potential suite can be added with own entry for downstairs. Buy and HOLD or buy and take it through the City for redevelopment. Assembly potential maybe possible in the future.
Sale Type:
Asset
Property Type:
Land Commercial
Construction:
Wood Frame
Building Type:
Mixed Use
Year built:
1949 (Age: 69)
Land Use/Zoning:
C-1
Taxes:
$4,355.71 / 2018
Services Connected:
Natural Gas at Lot Line, Lane, Sewer - Storm, Storm Sewer at Lot Line, City Water at Lot Line
Water Supply:
Municipal
HVAC:
Forced Air
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Sutton Group-West Coast Realty
Listing information last updated on October 16, 2018 at 03:08 AM (UTC)
Mark Cumming