1546 W 12th AVE Active Save Request In-Person Tour Request Virtual Tour
Vancouver,BC V6J 2E1
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8066769
Year Built 1927
Lot Size 7,840 Sqft
Property Sub-Type Multi Family
Property Description
Opportunity to acquire a 100% freehold interest in Santa Monica Apartments, located in Vancouver's desirable South Granville neighbourhood. The property consists of a 7,813 SF site and is improved with a well-maintained 13-unit, two-story apartment building circa 1927. The property offers investors stable cash flow with significant revenue upside as tenancies turnover. The current land use designation under the Broadway Plan allows for a maximum 20-storey secured rental building up to 6.5 FSR with a minimum of 99 feet of frontage, offering attractive redevelopment potential.
Location
Province BC
Community Fairview Vw
Area Vancouver West
Zoning RM-3
Exterior
Utilities Available Electricity Connected,Fully Serviced,Natural Gas Connected,Street Lighting,Sidewalk
Street Surface Paved
Total Parking Spaces 4
Building
Story 2
Sewer Public Sewer,Sanitary Sewer
Water Public
Others
Ownership Freehold
Security Features Security System,Building Security