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Fred Choy Personal Real Estate Corporation
Agent
604-880-3462
604-880-3462

Fred Choy Personal Real Estate Corporation

Fred Choy has been a full-time salesperson since 1990, and joined Re/Max in 1993. He specializes in mixed-used commercial/residential, industrial/warehouse buildings, strip malls, and shopping plazas. Fred's area of business lies within Greater Vancouver, including Vancouver, Burnaby, and Richmond. He is also fluent in English Cantonese and Mandarin.

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

Multi-Family Commercial

Main Photo: 1 220 E 15th Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8066852
$3,538,000
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066852
Build. Type:
Freestanding
Request Info MortgageMap
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Within the Broadway Plan - "Mount Pleasant South Apartment Area B", and Mount Pleasant Station Transit Oriented Development Area (TOA), excellent future development potential when combined with neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 X 1 Bedroom + Den self contained units. Annual Gross income of approx. $135,345 and 3.31% return. The current under-market rents present a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
Fred Choy <span class='agent-prec'>Personal Real Estate Corporation</span>
Fred Choy <span class='agent-prec'>Personal Real Estate Corporation</span>
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Freestanding, Low Rise (2-4 storeys), Mixed Use
# Units Total:
6
# Other Units:
0
# of Apartments:
6
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
6
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1920 (Age: 105)
Living Area:
4,451 sq. ft.
Subject Property Depth:
122'1"
Subject Property Width:
32'5"
Title to Land:
Freehold
Lot Area:
3,920.4 sq. ft.
Zoning:
RM-4
Potential to Redevelop:
only when combined with neighbouring properties, No
# Of Parking Spaces - Total:
2
Heating:
Baseboard
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
011252057
Taxes:
$9,118.68 / 2024
No
3.255% ON FIRST $100,000 AND 1.1625% ON THE BALANCE.
None Known
No
Water Supply:
Public
Water Rights:
No
Roof:
Asphalt
Potential to Redevelop:
only when combined with neighbouring properties, No
Env Assmt Phase:
No
Cap Rate %:
3.31
Gross Income:
135345.0
Oper. Expenses:
18000.0
Other Income:
$0
Effective Gross Income:
$135,345
Net Operating Income:
$117,345
Original Price:
$3,538,000
  • Photo 1: 1 220 E 15th Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8066852
    Photo 1 of 1
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Listed by RE/MAX Real Estate Services
Data was last updated April 23, 2025 at 01:40 AM (UTC)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
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