Property Description

Revenue Property with Future Redevelopment Potential. Priced below BC Assessment of $1,683,000. Features 3 suites with 3 kitchens, 9 bedrooms, and 6 bathrooms, generating over $100,000/year in gross revenue (4.5% cap rate). Renovated in 2011 with updates including roof, plumbing, wiring, 200-amp electrical service, drainage, and more. Situated on a deep lot 33' x 128.5' (4,240 sq.ft.), C-1 zoned lot allowing mixed-use development up to 1.2 FSR. Located within the Transit-Oriented Area (TOA) near 29th Avenue SkyTrain Station, offering future assembly and redevelopment potential. Please allow time for showings. (id:7434)