95 East 14th Avenue
Vancouver, BC
For Sale
Property Details
- Lot Size 15,576 sf
- Site Dimensions 132 ft x 118 ft
- Zoning RM-4
- Max Potential Density 6.50 FSR
- Storeys 3
- Rental Units 26
Opportunity
Avison Young is pleased to offer for sale 95 East 14th Avenue, Vancouver, BC (the “Property”). The Property is improved with a three-storey wood-frame rental apartment building containing 26 units. The Property is strategically located within the Broadway Plan area, near Mount Saint Joseph Hospital. It is in proximity to the future Mount Pleasant SkyTrain Station, part of the multi-billion dollar Millennium Line Broadway Extension project, which will expand the city’s transit network from VCC-Clark Station to Arbutus Station.
This offering presents an investor with a prime opportunity to acquire a 26-unit renovated apartment building, offering strong cash flow and long-term redevelopment potential.
Investment Highlights
Situated within the Broadway Plan providing immediate or medium term potential for an investor to capitalize on development value
Walking distance to the future Mount Pleasant SkyTrain Station (Millennium Line Broadway Extension)
The apartment building has been well maintained with 11 fully renovated suites and 4 partially renovated suites
Additional income is collected for parking, laundry, and storage
Held in a bare trust (potential for property transfer tax savings)
The City of Vancouver has recently amended the View Cone Policy that previously impacted the Property’s ability to achieve 20 storeys of height
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