Multifamily for Sale

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4029 KAMLOOPS Street
Renfrew Heights Vancouver V5R 1X5

$2,280,000
Land Commercial, Multi-Family Commercial

Main Photo: 4029 KAMLOOPS Street, Vancouver
Photo 1: 4029 KAMLOOPS Street, Vancouver
Photo 2: 4029 KAMLOOPS Street, Vancouver
Photo 3: 4029 KAMLOOPS Street, Vancouver
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8057750
LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) will designate the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Please do not walk on the properties.
Sale Type:
Asset
Construction:
Wood Frame
Name of Complex/Subdivision:
# Other Units:
Year built:
1911 (Age: 113)
Total Floor Area:
1,558 sq. ft.
Lot Area:
3,828 sq. ft.
Acres Freehold:
3,484.8 sq. ft.
Lot Depth:
116
Lot Frontage:
33'
Land Use/Zoning:
CD-1
Permitted Use:
Multifamily (5+), Residential
Taxes:
$6,043.45 / 2023
Services Connected:
Cable, Electricity, Lane, Sidewalk
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 4029 KAMLOOPS Street, Vancouver
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  • Photo 2: 4029 KAMLOOPS Street, Vancouver
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  • Photo 3: 4029 KAMLOOPS Street, Vancouver
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Listed by Oakwyn Realty Ltd.
Data was last updated April 13, 2024 at 06:10 AM (UTC)
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