CAN$5,748,000
HIGH EXPOSURE MIXED USE BUILDING WITH 3.11% CAP RATE AT THE SW CORNER OF WEST 17TH AND DUNBAR, C2 ZONED WITH REDEVELOPMENT POTENTIAL. 3 LEVELS WITH MAIN FLOOR ESTABLISHED RESTAURANT, 2ND FLOOR UPDATED COMMERCIAL AND 3RD FLOOR WITH 2 FULLY RENOVATED LARGE 3 BED ROOM SUITES. GREAT HOLDING PROPERTY WITH $187,000 IN ANNUAL NET INCOME. FABULOUS CITY, MOUNTAIN AND WATER VIEWS FROM THE TOP 2 FLOORS. ASSEMBLY POTENTIAL WITH A 2.5 FSR ALLOWING FOR 4 STOREYS WITH RETAIL ON THE GROUND AND RESIDENTIAL WITH SPECTACULAR VIEWS ON THE UPPER LEVELS. THIS PROPERTY HAS IMMEDIATE ACCESS TO PUBLIC TRANSIT, SHOPS AND RESTAURANTS. CLOSE TO PARKS, RECREATION, UBC, EXCELLENT PUBLIC [ LORD BYNG AND QUEEN ELIZABETH CATCHMENTS] AND PRIVATE SCHOOLS INCLUDING ST. GEORGE’S AND WEST POINT GREY ACADEMY.
