LOCATION: Approx. 300 meters away from the future Mount Pleasant Station on the UBC-Broadway Line. Incredible amenities all around with retail, services and parks. OCP: part of the Mount Pleasant Community Plan and the upcoming Broadway Plan. ZONING: RM-4 Multifamily. PROPERTY: approx. 24.75x122 lot with a house circa 1907. The house has old world charms with good bones and an excellent floor plan that measured approx. 3,062 SF. A major repair and renovation will breathe a new life into this property, OR simply repair and hold for future development potential. Viewing by appointment only, call your REALTOR to schedule a showing.
Attention Builders and Investors! Very solid and livable 1909 house with SUPERB development options and location - Less than 2 blocks West from Main Street, less than 350 metres from future Skytrain station at Broadway and Main (Council considers higher densities within 350 metres). Already zoned RM-4N (medium density multi-family) - Conditional approval permits redevelopment up to 1.45 FSR plus HRA bonus. Redevelop by transforming the existing house into a Multiple Conversion Dwelling plus an infill Building to get 3 or 4 strata titled units: it's already been done on this block. Alternately, hold the property until the Broadway planning process is complete for possible higher densities. Land assembly potential also. Call for details!
Exceptional Mount Pleasant Deluxe Villa Multi Unit Revenue Property high on Corner of East 16th & Prince Albert. 3800 SF Bldg extensively reno'd to high quality incl Ikea Kitchens & Baths, Heated Tile Floors, Soaker Tubs, Soundproof btwn Floors, Sprinklers, Vinyl Windows, 2 Units w gas F/P, Modern Appliances, much attn to Detail. Roof 2 yrs & elec redone. Gr Income $85,200/yr w upside, Expenses approx $10k/yr; NOI $75,200/yr, Cap Rate 4.2%. Bright, Stylish, Efficient Units. Private Secure Yard w Locked Gates & Wrought Iron Spike Fence. This is Exceptional, Best Cond. Showings STRICTLY by Appointment Only, Mon-Sat, 12 & 5 PM w 2 day notice. COVID rules, Mask/Gloves required. Contact LS for Appt, Info Pkg, Floor Plan, All Details. Showing Wed July 22nd @ 3:00pm STRICTLY by Appointment Only.