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1 220 E 15TH Avenue
Mount Pleasant VE Vancouver V5T 2P9

$3,888,000
Multi-Family Commercial

Main Photo: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 1: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 2: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 3: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 4: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 5: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 6: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 7: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 8: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 9: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Photo 10: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8051936
Build. Type:
Freestanding
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Property located within The Broadway Plan - 'Mount Pleasant South Apartment Area B', excellent future development potential when combined with the neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 large 1 Bedroom + Den self-contained units. The current under-market rents presents a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Residential Mix
# Units:
6
# Other Units:
6
# of Appartments:
6
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
6
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1920 (Age: 103)
Total Floor Area:
4,451 sq. ft.
Lot Area:
3,958.73 sq. ft.
Lot Depth:
122.07
Lot Frontage:
32'5"
Land Use/Zoning:
RM-4
Permitted Use:
Multifamily (5+)
Taxes:
$7,642.12 / 2022
Water Supply:
Municipal
HVAC:
Baseboard, Electric
Roof:
Asphalt Shingles
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
2.88
Other Income:
$0
Effective Gross Income:
$126,960
Gross Income:
$126,960
Oper. Expenses:
$15,000
Net Operating Income:
$111,950
Original Price:
$3,888,000
  • Photo 1: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 2: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 3: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 4: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 5: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 6: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
    Photo 6 of 10
  • Photo 7: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
    Photo 7 of 10
  • Photo 8: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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  • Photo 9: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
    Photo 9 of 10
  • Photo 10: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8051936
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Listed by RE/MAX Real Estate Services and Presidio Professional Real Estate Services Inc.
Data was last updated September 22, 2023 at 02:10 PM (UTC)
Fred Choy Personal Real Estate Corporation
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.
Copyright 2023 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Calgary Real Estate Board Cooperative Ltd., REALTORS® Association of Edmonton, Chilliwack & District Real Estate Board, BC Northern Real Estate Board and Kootenay Real Estate Board. All Rights Reserved.
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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.