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 | - |
| Sold Date | July 13, 2022 |
| Sold Price | $8,150,000 |
| 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.
Kat Warkentin is a commercial real estate advisor and Senior Associate with the ApartmentBlocks Team specializing in the organization and sale of multifamily designated land. Kat has been a central member of the team since 2020, helping facilitate over $200 million in development land sales across the Metro Vancouver Region.
Kat’s persistency and relentless pursuit of ensuring her clients best interests are well represented is second-to-none, which has greatly contributed to her and her team’s success and reputation as one of Metro Vancouver’s leading land assembly teams.
Kat is an active participant in several real estate organizations including CREW (Commercial Real Estate for Women) and is passionate about building relationships within in the industry to help align the right buyers to her clients.
Personal Real Estate Corporation
Team Principal
(604) 349-1571
brandon@apartmentblocks.ca
Brandon Harding is the authority on Land Assembly, a published writer, and a community leader for changing land use in updating Official Community Plans. He is a second generation realtor that has personally transacted over $1,000,000,000 in sales on a team that has transacted over $3 billion. Organizing and transacting land has been his passion since listening and learning about the positive impact that can result from successful assemblies through his father, who has been a Commercial Realtor since 1980. Brandon successfully transacted the largest high density land assembly by number of homes.
Brandon has developed the homeowner eligibility test and the PROACTIVE sales funnel, which has revolutionized land assembly and simplified the process for property owners while systematically achieving unmatched results.
Brandon is a thought leader in Commercial Real Estate. Some of his work is published on RENX, LandlordBC, and the Western Investor.
Brandon’s a community coordinator helping homeowners organize, strategize, and deliver a unified voice to Mayors, Councilors, and planning departments. This has led to thousands of property owners achieving higher designations for their properties and making them millions in increased land value. He has the experience and knowledge to empower real change that leads to life changing benefits.
Ellen is a university graduate with a degree in English and Sociology with a passion for Real Estate. With previous experience in Sales and Customer service in Australia, Ireland, and Canada, she has learned multiple approaches to problem solving clients needs. Her dedication to finding solutions, providing quick responses to clients, and understanding client’s goals make her a reliable and effective member of the ApartmentBlocks Team.
