Grandview VE Other for sale: 14 bedroom 8,556 sq.ft. (Listed 2016-05-25)

Overview

1957 EAST 3RD AVENUE, Vancouver East, BC

MLS®#: R2069507
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SOLD OVER ASKING
  • Property Value$2,950,000
  • Sold on 2016-06-17
  • Property Address1957 EAST 3RD AVENUE, Vancouver East, BC, V5N 1H4, Canada
  • TypeOther
  • BasementFull
  • Year Built1912
  • Taxes$5,204.62 (2015)
  • Living Area8,556 sq.ft.
  • Lot Depth122 ft
  • Lot Size Area374 m²
  • Bedrooms14
  • Bathrooms8 full

Grandview VE

1957 EAST 3RD AVENUE, Vancouver East, BC, V5N 1H4, Canada

Description

Rare offering in prime location of Commercial Drive! 8 legal suites on a charming, tree-lined block just up the hill from popular McSpadden Park. All 8 suites have similar layouts around 1140 square feet over 3 levels. Each unit features 2 bedrooms & 1 bath on the top level, an open plan main level with west facing balcony & a partially finished basement below. Each suite has its own furnace, electric meter & water tank. Sitting on a 33x122 RT4 lot, this special apartment building with 3.4% Cap Rate cannot be recreated. The long term tenants have created a nice community here. Valuable holding property in blossoming neighborhood just steps to Skytrain, shopping & eating on vibrant Commercial Drive as well as public/private/French Immersion schools.

Listing Provided By

RE/MAX Select Realty

Neighborhood Info

  • Stilhavn Real Estate Services
  • 36 East 5th Avenue
  • Vancouver, BC
  • V5N 1S5