About This Property
A compelling multifamily investment opportunity offering value-add and redevelopment potential with significant upside on current rents. Located in the heart of Mount Pleasant's vibrant Creative District, the property benefits from immediate access to the area's top breweries, restaurants, and retail amenities. The site is designated for secured market rental development, allowing for density up to 6.50 FSR and a maximum height of 20 storeys, providing meaningful future development optionality. The asset is further enhanced by its exceptional transit-oriented location, situated within a 10-minute walk of the Great Northern Way-Emily Carr SkyTrain Station, ensuring strong connectivity and sustained rental demand. (id:64973)
At $524/sq ft, this multi-family property in Vancouver's vibrant Mount Pleasant neighbourhood represents a compelling value proposition compared to the city's overall average of $720/sq ft. Given its prime location, substantial redevelopment potential, and the strong rental demand in the area, this asset would be well-suited for seasoned investors seeking to capitalize on the upside of this emerging creative district.
Property Details
Location
Interested in buying in Vancouver?
Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Canadian Real Estate Association. Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the FVREB, REBGV or CADREB, which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board, or the Chilliwack and District Real Estate Board.