"Cambie Community Plan" Investor/ developer Alert! This property next to "Cambie Garden" is in final approval stage at least FSR: 1.2 for the TOWNHOUSE of 6,492 sf floor area, potential increase to 6 floor low rise. The current Presale price in surrounding areas are already a minimum of 1400/ sqft. Property is surrounded by high rises from Marine Gateway and Canada Line Sky train Station. The current price of town house is $1,400~1,600 per sf. The building cost of town house is about $210 per sf. After further deducting cost of management 0.2M, the NET PROFIT will be predicted between 2.37M~4.32M (NET PROFIT RATE about 39~71%.) The current rent of three units is $4,700 per month. High-return investment!
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.