Description

Amazing opportunity for smart investors/developers, rare 6plex zoned for medium rise 4-6 storeys. Turnkey operation & cash flow machine, generating $140,000/year income in heart of booming New West. Current zoning RM-5A Multi-Family Medium Rise, allowing 4-6 storey, apartment building, up to 25 units with 1.8 FSR. One 3 bdrm suite, three 2 bdrm suites + two bachelor suites; 11 bdrms, 6 separate entrances, 6 kitchens, common laundry, lots of parking. All units fully renovated: granite countertops, new flooring, etc; immaculate condition. Fully occupied, great month to month tenants. Walking distance to all amenities, New West Skytrain station, Douglas College, shopping & restaurants. Properties like this rarely available; Buy now, hold & develop in future.

Taxes (2020): $5,279.08

Amenities

Shared Laundry

Features

ClthWsh Dryr Frdg Stve DW Drapes Window Coverings
MLS Reciprocity

Listed By: SRS Westside Realty

Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.