$3,588,000

E 227 15th Avenue, Vancouver, BC V5T 2P8

MLS® C8080647

Description

London Pacific is pleased to present this well-maintained eight-suite apartment building in the heart of Vancouver's sought-after Mount Pleasant neighbourhood. Situated on a 6,100 SF lot (50' x 122') and constructed in 1968, the property offers stable in-place income with immediate upside, as three suites will be delivered vacant upon possession. The building features a desirable suite mix of seven one-bedroom suites and one two-bedroom suite. Ideally located just east of Main Street, residents enjoy walking access to popular cafes, restaurants, parks, shopping, and transit. Designated ** Mount Pleasant South Apartment Areas - Area B (MSAB) ** under the Broadway Plan and within ** Tier 3 ** of the Transit-Oriented Areas framework, the site supports consideration of rezoning for secured market rental developments of up to 20 storeys and 6.5 FSR, with additional density incentives available for qualifying mixed-use or childcare components.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys)

Ownership

Freehold

Interior

Appliances

Common Water Heater

Systems

Security

Building Security

Lot and parking

Lot size

6,098.4 sq ft

Costs

Annual property tax

$9,581

Tax year

2,025

Location

Area

Vancouver East

Neighbourhood

Mount Pleasant VE

Waterfront

No