Exceptional chance to buy a cash flow producing building in very good condition with underlying land value. Just 2 minutes away from East Hastings, this development opportunity allows for a mixed use building with commercial at grade and a total of six storeys with residential rental units above. The area is rich with many amenities including restaurants, grocery stores, coffee shops and more.
| # of Units | Average Size | |
| 1-Bedroom | 9 | - |
| 3-Bed/2-Bath Penthouse | 1 | - |
| Commercial | 6 | - |
| Total | 16 | - |
| Price | $8,200,000 |
| Lot Size | 12,078 SF (99’ x 122’) |
| Floor Space Ratio (FSR) | Base FSR 3.0 - Can apply to rezone to CDC8 for increase up to max 4.12 FSR. City will consider this if 4112 Albert St is acquired and included in rezoning application. |
| Year Built | 1964 |
| Property Taxes (2021) | $43,717 |
| Zoning | C8A |
| Parking | 10 covered spaces |
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.
