Fantastic investment and future development opportunity! This well-maintained 2-storey, 10-unit apartment building offers strong, reliable income with approximately $175,000 in annual rental revenue plus an additional $2,000 from laundry. Fully tenanted with long-term, stable renters. Numerous recent upgrades include new roofs, windows, boiler, furnace, exterior paint, and durable laminate flooring throughout'all contributing to lower maintenance costs and tenant satisfaction. Located in a high-demand, transit-friendly area close to shopping, schools, and amenities. This is a prime holding property with excellent cash flow and long-term value. Even more attractive is its location within a potential land assembly zone, with future redevelopment potential for up to 20-storey high-rise. Whether you're looking for steady income now or strategic upside in the future, this is a rare and solid opportunity for investors and developers alike.Secure this high-performing asset in a growing neighborhood! (id:45055)
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Property Details
MLS® Number C8069198 Property Type Multi-family -
Building
ConstructedDate 1958 SizeInterior 9,000 Ft2 -
Land
Acreage No SizeIrregular 9000 SizeTotal 9000 Sqft SizeTotalText 9000 Sqft ZoningDescription Rm3 -
Rooms
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Utilities
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September 11 2025 10:02:15
Greater Vancouver REALTORS®
RE/MAX City Realty, RE/MAX Crest Realty
