$2,299,000

477 POWELL STREET

Vancouver, British Columbia V6A1G7

For sale
5600 sqft3050 sqft

INVESTOR ALERT 7.58% Gross Cap, 11.0 FSR Potential & Massive Railtown Upside! Turn-key investment on the edge of vibrant Railtown. This fully tenanted mixed-use building offers 5 revenue streams: three 2-bedroom residential suites with park views/balconies, a high-visibility retail unit, and a garage/warehouse space. Separately metered for electricity, it delivers a rare 7.58% gross cap rate at the listing price. DEVELOPMENT UPSIDE: High-exposure corner lot in the DEOD with massive zoning upgrades. Capitalize on an FSR up to 11.0 for secured rental projects, heights up to 32 storeys, and slashed social housing requirements. Under Bill 18, compliant projects bypass public hearings to fast-track timelines. Minutes to the new $2.2B+ St. Paul's Hospital campus. Secure strong immediate cash flow with legendary future upside! (id:58554)

Overview

Property TypeMulti-family
TransactionFor sale
MLSยฎC8076073

Building

Interior Size5600 sqft
Year Built1991

Land & Parking

Lot Size3050 sqft
Powered by REALTOR.ca

Listing Agent

Ting Wang

Ting Wang

Personal Real Estate Corporation

๐Ÿ“ž (604) 367-5754

Brokerage

1NE Collective Realty Inc.

101-4899 Vanguard Rd

Richmond, British Columbia V6X0W5

๐Ÿ“ž (604) 999-8882

Contact Us

Contact

What is 7 - 4 ?

โ† Back to Listings