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1625 E 8TH Avenue
Grandview Woodland Vancouver V5N 1T6

$1,499,000
Land Commercial

Main Photo: 1625 E 8TH Avenue in Vancouver: Grandview Woodland Land Commercial for sale (Vancouver East)  : MLS®# C8037365
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
C8037365
Outstanding investment and holding opportunity a stone throw from Broadway and Commercial station. Beautiful 1928 charming home with tremendous investment and development upside. Half a block to Commercial Dr. All the restaurants, amenities, grocery stores within walking distance of this home. The Drive, Little Italy and close to 300 merchants in near vicinity. Situated right next to a community garden. Grandview Community Plan allows for 3.6FSR 10 storey condo development. Current RM4N zoning has a maximum of 1.45FSR. Property backs into the Grandiview Cut. Can be sold together with 1605 E 8th Ave as a share sale held by the same company. Interior pictures taken prior to tenants moving in. Priced at $155/SF buildable based on 3.6FSR density.CAP rate for both properties at 2.26% based on asking prices. 1605 E 8th Priced at $1,899,000 Total land package 3385SF + 2666SF for total of 6055SF of development land.
Sale Type:
Asset
Property Type:
Land Commercial
Construction:
Wood Frame
Year built:
1928 (Age: 93)
Land Use/Zoning:
RM-4N
Taxes:
$5,179 / 2020
Services Connected:
Electricity, Natural Gas at Lot Line, Paved Streets, Sanitary Sewer, Sewer - Storm, Storm Sewer at Lot Line, City Water, City Water at Lot Line
Water Supply:
Municipal
HVAC:
Forced Air
Env Assmt Phase:
Phase/Stage 1
  • Photo 1: 1625 E 8TH Avenue in Vancouver: Grandview Woodland Land Commercial for sale (Vancouver East)  : MLS®# C8037365
    Photo 1 of 1
Listed by Sutton Group-West Coast Realty
Data was last updated April 20, 2021 at 07:05 PM (UTC)
Mark Cumming
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