Personal Real Estate Corporation
1622 E 1st Avenue, Grandview VE, Vancouver East
|Square Feet:||2,440 sqft|
|Lot Size:||4,356 sqft|
|Style:||2 Storey w/Bsmt.|
About this Property
"About this House in Grandview VE, Vancouver East"
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.
Listed by RE/MAX Crest Realty.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Inglis Group Real Estate for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.