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5330 Victoria Drive Vancouver, British Columbia V5P 3V7

5600 sqft

$4,800,000

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. (id:12562)

Property Details

MLS® Number C8046480
Property Type Multi-family
Features Lane
Road Type Paved Road

Building

Amenities Street Lighting
Constructed Date 1988
Size Interior 5600 Sqft

Land

Acreage No
Size Irregular 5650
Size Total 5650 Sqft
Size Total Text 5650 Sqft
Zoning Description C-2

Utilities

Electricity Available
Water At Lot Line
Natural Gas Available
Sewer Available

https://www.realtor.ca/real-estate/24850089/5330-victoria-drive-vancouver

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Fred Choy
Personal Real Estate Corporation

(604) 880-3462

RE/MAX Real Estate Services

(604) 263-2823
(604) 263-1057
www.remaxres.ca

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