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5330 Victoria Drive Vancouver, British Columbia V5P 3V7

5600 sqft

$5,098,000

Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver. Solid 2 storey property with 3 retail/commercial units on ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1988, torch-on roof 2005, 50' X 113' lot and C-2 Commercial. The current under-market rental income presents a great opportunity for rental upside on the overall income revenue. The Bonus: Future development potential of a 4-storey mixed-use building to a maximum of 2.5 FSR and 14,125sf of buildable density or a 6-storey mixed-use rental development with an even higher buildable density (potential land assembly with neighbouring property). Please confirm with the City on all development potentials. Approx. Annual Gross Income of $141,524. (id:47126)

Property Details

MLS® Number C8040643
Property Type Multi-family

Building

Constructed Date 1988
Size Interior 5600 Sqft

Land

Acreage No
Size Irregular 5650
Size Total 5650 Sqft
Size Total Text 5650 Sqft
Zoning Description C-2

https://www.realtor.ca/real-estate/23718344/5330-victoria-drive-vancouver

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