477 POWELL STREET, Vancouver, British Columbia, V6A 1G7

$2,299,000

MLS® # C8076073

Investment For Sale In Downtown Eastside, Vancouver, British Columbia

$2,299,000

Property Information:

INVESTOR ALERT 7.58% Gross Cap, 11.0 FSR Potential & Massive Railtown Upside! Turn-key investment on the edge of vibrant Railtown. This fully tenanted mixed-use building offers 5 revenue streams: three 2-bedroom residential suites with park views/balconies, a high-visibility retail unit, and a garage/warehouse space. Separately metered for electricity, it delivers a rare 7.58% gross cap rate at the listing price. DEVELOPMENT UPSIDE: High-exposure corner lot in the DEOD with massive zoning upgrades. Capitalize on an FSR up to 11.0 for secured rental projects, heights up to 32 storeys, and slashed social housing requirements. Under Bill 18, compliant projects bypass public hearings to fast-track timelines. Minutes to the new $2.2B+ St. Paul's Hospital campus. Secure strong immediate cash flow with legendary future upside! (id:27)

Building Features:

  • Style: Multiplex
  • Amenities: Balconies
  • Floor Space: 5600 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1991
  • Floor Space (approx): 5600 Square Feet
  • Irregular: Yes
  • Lot Size: 3050.00 Square Feet
  • Utility Type: Natural Gas - Available, Sewer - Available, Hydro - Available
  • Zoning: DEOD COMPREHENSIVE

Courtesy of: 1NE Collective Realty Inc.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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