1622 East 1st Avenue, Vancouver MLS®: R2198021

$1,499,000
8 Beds
3 Baths
2,440 Sqft
4,356 Lot SqFt
1906 Built


Investors alert in prime and vibrant Commercial Drive area. This property brings in $55,800 per year and nets around 3% cap rate. The RM-4N zoning offers great opportunity for new development and is in line for new RM6 zoning in near future, which offers 2.4 FSR and 6 storeys potential. The property has a newer roof, furnace, HWT and is always fully rented. Great holding property with future potential development. Call today to get more information.
Taxes (2017): $4,849.16
Features
  • Clothes Washer
  • Dryer
  • Refrigerator
  • Stove
Site Influences
  • Central Location
  • Shopping Nearby

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MLS Reciprocity

Listed By: RE/MAX Crest Realty

Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.