About This Property
Transit-Oriented Investment - High-Rise Zoning & Turnkey Income. Unbeatable urban convenience. Great holding property in the Rupert-Renfrew Rapid Transit Area B (22-40 storeys). This property meets all the criteria for a future land assembly. This spacious detached home is a cash-flow machine; currently configured with two separate kitchens and two full bathrooms, well suited for its current 5-tenant occupancy. Large, flat lot with a private backyard-ideal for tenant enjoyment or build a laneway for greater cash-flow. Well-maintained with a configuration that maximizes rental yield while you wait for development. Tenants love the 5-minute walk to the SkyTrain, local grocery stores, and cafes. High-demand rental area with zero vacancy history. Call to book your private viewing. (id:64973)
The property's price of $896 per square foot is slightly above the Vancouver market average, but its potential for future redevelopment in the Rupert-Renfrew Rapid Transit Area makes it an attractive long-term investment. This turnkey income property with its flexible layout and large lot size would appeal to savvy investors seeking a cash-flowing asset with significant upside potential in the city's transit-oriented development corridor.
Property Details
Location
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