RE/MAX Real Estate Services Blog
Posted in Victoria VE, Vancouver East Real Estate
Property listed at 5330 VICTORIA DR in Vancouver.
Wow! An Excellent opportunity to acquire a free-standing commercial building in popular Victoria Drive Neighbourhood in Central Vancouver East. Solid 2 storey property with 3 retail/commercial units on the ground floor and 4 spacious one bedroom suites on the 2nd floor. Built in 1989, torch-on roof replaced on 2005, 50' X 113' level lot and C-2 Commercial Zoning. The current under-market rents presents a great potentials 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 density and approx. 14,125sf of buildable area or a 6-storey mixed-use rental development with an even higher buildable area. Please confirm with the City on all development potentials.