This multi-suite property offers a variety of options for various different types of buyers. Currently the seller has a development permit approval which allows you to build a front & back duplex w/ coach house, the building permit is close to being issued. The seller has already covered a majority portion of the pre building costs such as city, design, architectural, engineer, and permits. This location is also apart of the new Broadway Plan which allows land assembly potential adding great value to Fraser Street. A future land assembly can allow the potential of building either a 6 story or 18 story tower upon the Broadway Plan becoming official by the City of Vancouver. This property currently generates $4,200/mo in rental income, major potential to raise existing rents.
Taxes (2021): $4,549.66