477 POWELL STREET
Vancouver, British Columbia
MLS® C8076073
$2,299,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- C8076073
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1991
1 / 38Listing description
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!
Property summary
- MLS® number
- C8076073
- Property type
- Multi-family
- Square footage
- 5,600 sq ft
- Land size
- 3050 square feet
- Built in
- 1991
- Annual property taxes
- $16,537.00
- Days on market
- 197 days
What would this home cost you?
Based on the $2,299,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of 1NE Collective Realty Inc., Richmond.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.