Description

DEVELOPER/INVESTORS ALERT! MAJOR PRICE REDUCTION. Large single family 6 BR home on a beautiful tree lined boulevard. Fully furnished with rental income of $6600/month($79,200/yr) up from $3450/month($41,400/yr). Property recently up-zoned to RM8A which allows for redevelopment at 1.25 FSR for a townhouse and apartment buildings similar to developments in Marpole in South Vancouver. Excellent holding opportunity or as part of a land consolidation.Grandview-Woodland redevelopment plan can be found online at City of Vancouver website. Close to Commercial Dr. shopping, restaurants, recreational facilities and minutes to downtown corridor.

Taxes (2018): $6,899.03

Land

Frontage: 49.50", Depth: 122"

Features

ClthWsh Dryr Frdg Stve DW Vaulted Ceiling