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1170 SEMLIN Drive
Grandview Woodland Vancouver V5L 4K2

$2,890,000
Multi-Family Commercial

Main Photo: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
Photo 1: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
Photo 2: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
Photo 3: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
Photo 4: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
Photo 5: 1170 SEMLIN Drive in Vancouver: Grandview Woodland Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8040645
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040645
Build. Type:
Multiple Tenant/Multi-Plex (5+)
Huge Character Legal 5Plex on Double Lot in the Heart of Grandview/Commercial Drive neighbourhood. 4722 SF Building with 5 Self Contained Suites: 1X3 Bdrm, 1X2 Bdrm, 3X1 Bdrm & sits on a Double (2 separate Titles) 50’x108’ RT-5 lot that fronts onto Semlin & backs on to Rose Street. Ample, Bright Suites with character features, several with decks, plus well finished, bright Double Garage/Studio (separately rented) & 2 carport parking. Current rent approx. $8125/mo, $97,500/yr w tremendous upside from long term Tenants. Fantastic property for Investors, Owner Occupiers & Renovators, plus great future opportunity for Developers. Showing with 2 day notice, COVID rules, all Masked. Call LS Showing, Info Pkg, Floor Plan, Details. Also see MLS R2622392. Showing Mon Oct 18th @ 2:00pm gone by 2:45pm., MUST CONFIRM APPOINTMENT.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Multiple Tenant/Multi-Plex (5+)
# Units:
5
# Other Units:
1
# of Appartments:
5
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
3
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
1
# Storeys:
4.0
Year built:
1912 (Age: 109)
Total Floor Area:
4,722 sq. ft.
Lot Area:
5,400 sq. ft.
Lot Depth:
108
Lot Frontage:
50'
Land Use/Zoning:
RT-3
Taxes:
$7,456.19 / 2021
Roof:
Asphalt Shingles
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
2.7
Other Income:
$0
Effective Gross Income:
$97,500
Gross Income:
$97,500
Oper. Expenses:
$20,325
Net Operating Income:
$77,175
Original Price:
$2,890,000
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Listed by RE/MAX Real Estate Services
Data was last updated October 21, 2021 at 01:10 PM (UTC)
Bob Bracken
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.