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1835 W 1st Avenue Vancouver, British Columbia V6J 5J1

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$899,000

Maintenance,

$471.39 Monthly

MLS® Number: C8077141

Investor Alert! Excellent Kitsilano retail investment opportunity steps from Kits Beach. This 401 sq. ft. street-front unit offers strong exposure and pedestrian traffic in one of Vancouver's most vibrant neighbourhoods. Leased to Grab Glow Grow under a new 5-year lease generating net rent of $42,000 annually, with 3% yearly increases. Offered at $899,000, providing a 4.67% first-year return and projected 5.26% return by Year 5. The proposed redevelopment of the nearby former Molson Brewery site may further support future density, commercial activity and long-term value appreciation. Buyers must conduct their own due diligence and independently verify all details. (id:59126)

Property Details

MLS® Number C8077141
Property Type Retail
Features Lane
Road Type Paved Road

Building

Amenities Street Lighting
Constructed Date 1995
Size Interior 400 Ft2

Land

Acreage No
Sewer Storm Sewer
Zoning Description Cd-1 (305)

Utilities

Electricity Available
Water At Lot Line

https://www.realtor.ca/real-estate/29483961/1835-w-1st-avenue-vancouver

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    Lakeridge Property International

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