1949 E 1st Avenue, Vancouver
DEVELOP as part of a LAND ASSEMBLY or HOLD for terrific cash flow: 3 Suites, 8 Bedrooms, 4 Baths. Developers or Investors: this lot is on a RM-11N zoned block prime for 4 storey development. See attached Documents to learn more about the CITY INITIATED LAND ASSEMBLY OF 4 STOREY APARTMENT BUILDING with 1.7-2.4 FSR in the Grandview Woodland neighbourhood. STEPS TO THE DRIVE, with all the amenities of the drive at your fingertips. House is well maintained and will provide strong cashflow until development. Please do not disturb occupants. Call our Team today for more information on the Land Assembly, zoning documents, Autoprop report, Landcor reports and more development details. GROSS RENT: 5250.00, some pending rent increases occurring.
Taxes (2020): $6,205.80