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Fred Choy PREC*

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1 220 E 15th Avenue
Mount Pleasant VE Vancouver V5T 2P9

$3,538,000
Commercial Sale

Main Photo: 1 220 E 15th Avenue in Vancouver: Mount Pleasant VE Commercial Sale for sale (Vancouver East) : MLS®# C8066852
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8066852
Build. Type:
Freestanding
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Within the Broadway Plan - "Mount Pleasant South Apartment Area B", and Mount Pleasant Station Transit Oriented Development Area (TOA), excellent future development potential when combined with neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 X 1 Bedroom + Den self contained units. Annual Gross income of approx. $135,345 and 3.31% return. The current under-market rents present a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
Sale Type:
Asset
Property Type:
Commercial Sale
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Freestanding, Low Rise (2-4 storeys), Mixed Use
# Units Total:
6
# Other Units:
0
# of Apartments:
6
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
6
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1920 (Age: 105)
Living Area:
4,451 sq. ft.
Subject Property Depth:
122'1"
Subject Property Width:
32'5"
Title to Land:
Freehold
Lot Area:
3,920.4 sq. ft.
Zoning:
RM-4
Potential to Redevelop:
only when combined with neighbouring properties, No
# Of Parking Spaces - Total:
2
Heating:
Baseboard
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
011252057
Taxes:
$9,118.68 / 2024
No
3.255% ON FIRST $100,000 AND 1.1625% ON THE BALANCE.
None Known
No
Water Supply:
Public
Water Rights:
No
Roof:
Asphalt
Potential to Redevelop:
only when combined with neighbouring properties, No
Env Assmt Phase:
No
Cap Rate %:
3.31
Gross Income:
135345.0
Oper. Expenses:
18000.0
Other Income:
$0
Effective Gross Income:
$135,345
Net Operating Income:
$117,345
Original Price:
$3,538,000
  • Photo 1: 1 220 E 15th Avenue in Vancouver: Mount Pleasant VE Commercial Sale for sale (Vancouver East) : MLS®# C8066852
    Photo 1 of 1
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Listed by RE/MAX Real Estate Services
Data was last updated April 4, 2025 at 07:40 PM (UTC)
FRED CHOY PREC*
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). 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 either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.

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Cell 604-880-3462

Office 604-263-2823

choy_fred@hotmail.com

N410 - 650 West 41st Avenue

Vancouver, BC

V5Z 2M9

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