I have listed a new property at 2041 4TH AVE W in Vancouver.
Must See! A freestanding retail/residential 2-storey building in Vancouver Kitsilano neighbourhood, located on W4th Ave in between Arbutus & Maple, and is surrounded by various retail stores and famous brand including Lululemon Athletica, Aesop, The North Face, Shoppers Drug Mart, Footlockers, and more. Property is on the north side which had a great mountain view of downtown Vancouver. A very high density neighbourhood. Mins walk to Kitsilano Beach. Ground floor of the building is leased to TURF for 10 year lease and which occupies the whole commercial area of approx 4,000 sq.ft. Remaining lease term is 7 yrs. Residential area is on the second floor where owner occupied a portion and the left portion is rented to tenant m-to-m. Projected income is approx. $230,000. Site area is approx 5,547 sf. (50 ft x 110.94 ft). Building area is around 6,500 sf. Property is under C-2B zoning, FSR up to 2.5. Excellent property either for holding or for future redevelopment.