Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property is a 6-storey mixed-use development that will deliver 101 Secured Market Rental units.
Alarm System, Laundry Facility, Secured Building
Macdonald Commercial Real Estate Services Ltd.
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828 - 1200 W 73rd Ave, Vancouver, BC
V6P 6G5
Mobile: 604.729.0439
Phone: 604.729.0439
Email: mehdi@mehditeam.com