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

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• 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