Property Investment Potential: Developing Additional Dwellings
The unique charm is not the only benefit of living in a character or heritage home, these properties also make…
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1918 E 1st Avenue | House/Single Family
Vancouver, BC CA V5N 1B4
Listing Provided By:
Oakwyn Realty Encore
Attention Investors! Amazing opportunity to own this 3 storey, flat and above grade rental revenue property located in a superb central location, minutes to thriving Commercial Drive, schools, parks, amenities, shops and skytrain. Own three self contained rental suites that can generate current market rent of at least $6000/mth OR convert to AirBNB without having to deal with pesky strata councils! At less than $500K/door this is an excellent investment with a potential land assembly value for a Multifamily RM-11N Zoning at up to 1.7FSR. Rental demand is high in this area, with a little update, this property has tremendous rental revenue upside and can generate income for generations to come.
Property Details
- Sold Price: $1,400,000
- Address: 1918 E 1ST AVENUE
- MLS® NO: R2702815
- Type: House/Single Family
- Built In: 1912
- Living Area: 2266 sqft
- Bedrooms: 7
- Bathrooms: 3
