$5,290,000

1130 Granville Street, Vancouver, BC V6Z 1L8

MLS® R3112182

Description

1130 Granville Street - Exceptional opportunity at an unbeatable price to acquire a 4 lvl, approx 12,000 SF character mixed-use bldg on a 25’ x 120’ lot in the heart of Vancouver’s Entertainment District. Prime DT location with 2 flrs of commercial/retail plus 2 upper flrs with 6 residential units, within one of the city’s most vibrant and evolving corridors. Excellent exposure, heavy pedestrian & vehicular traffic, and surrounded by restaurants, hotels, towers, transit & nightlife. Strong hold income potential with projected earnings of approx $480,000/yr, translating to an almost 10% cap rate. Exceptional upside for investors, owner-users or developers seeking a premier Granville Street asset with future redevelopment potential, including possible higher FSR subject to City approval.

Property

Property type

Residential Income

Style

Other

Structure

Multi Family

Architectural style

4 Level Split

Year built

1,910

Age

116 years

Ownership

Freehold NonStrata

Levels

Multi/Split, Three Or More

Interior

Bedrooms

10

Bathrooms

12

Full bathrooms

12

Half bathrooms

0

Living area

10,426 sq ft

Main floor finished area

2,620 sq ft

Basement

Exterior Entry

Laundry

In Unit

Appliances

Washer/Dryer, Dishwasher, Refrigerator, Stove

Systems

Heating

Radiant

Security

Fire Sprinkler System, Smoke Detector(s)

Lot and parking

Lot size

3,000 sq ft

Lot features

Central Location, Recreation Nearby

Parking

None

Garage spaces

No

Carport spaces

No

Strata and restrictions

Strata fee

No

Age restriction

No

Costs

Annual property tax

$38,588

Tax year

2,025

Land lease

No

Location

Area

Vancouver West

Neighbourhood

Downtown VW

Waterfront

No

Community features

Shopping Nearby

Exterior features

No Outdoor Area