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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