Description

Outstanding investment and holding opportunity a stone throw from Broadway and Commercial station. Beautiful 1928 charming home with tremendous investment and development upside. Half a block to Commercial Dr. All the restaurants, amenities, grocery stores within walking distance of this home. Situated right next to a community garden. Grandview Community Plan allows for 3.6FSR 10 storey development. Current RM-4N zoning has a maximum of 1.45FSR. Property backs into the Grandiview Cut. Can be sold together with 1605 E 8th Ave as a share sale held by the same company. Interior pictures taken prior to tenants moving in. $155/SF buildable based on 3.6FSR density. No garage, only street parking, no lane. Fixed term tenancy end Jan 31 2022 (Main) & June 30th 2021 (suite). Total rent $3840/month

Taxes (2020): $5,179.17

Land

Frontage: 33.00", Depth: 80.79"

Features

ClthWsh Dryr Frdg Stve DW

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