RE/MAX Real Estate Services Blog
Posted in Strathcona, Vancouver East Real Estate
Property by us at 330 HASTINGS ST E in Vancouver.
Mixed-use Building East Hasting Street area of Future Development. DEOD zoned 25’x122’ lot, 3 Lvl 4200 SF approx Bldg. Main Flr: 1 Commercial space leased to Health Agency & 1 optical shop, long term proprietor. Upper 2 Flrs 3X2 Bdrm Suites & 1X1 Bdrm Suite, long term tenants. Gr Inc $6580/mo, $78,960/yr, Cap Rate 3.6% substantial Rental Upside. Potential $131K/yr @ $2.80/SF/mo, Cap 6.7%. Adjacent property being developed 11 Storey social housing project, completion 2025. Local Area Plan (LAP) for this part Downtown Eastside Oppenheimer District (DEOD) allows low income mixed use housing up to 5.0 FSR, 75' building height, future assembly/rezoning/development potential for property. Showing 2 Day Notice by Appt Only. Call LS for details, info pkg. Showing Sat Mar 11 @ 3:30pm by Appt Only.