1918 E 1ST AVENUE

House/Single Family For Sale in Grandview Woodland, Vancouver East

$1,488,000
  • 7 Beds
  • 3 Baths
  • 2,266 Sq. Ft.
  • Built 1912
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. Seller has business license to rent out all 3 units. Showings by appointment, call now!
Address 1918 E 1ST AVENUE
List Price $1,488,000
Property Type Residential Detached
Type of Dwelling House/Single Family
Style of Home 3 Storey
Area Vancouver East
Sub-Area Grandview Woodland
Bedrooms 7
Bathrooms 3
Floor Area 2,266 Sq. Ft.
Lot Size 2928 Sq. Ft.
Year Built 1912
MLS® Number R2702815
Listing Brokerage Oakwyn Realty Encore
Basement Area None
Postal Code V5N 1B4
Zoning RM-11N
Tax Amount $3,658
Tax Year 2021
Site Influences Central Location, Lane Access, Recreation Nearby, Shopping Nearby
Features Range Top, Refrigerator, Storage Shed
Amenities Storage

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Adam Chahl

Oakwyn Realty Downtown

1286 Homer Street Vancouver British Columbia V6B 2Y5

Office: (604) 800-8710

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