Exclusive Listing. New Renovated Commercial Building on Victoria St, Vancovuer for Sale!
Sitting along Victoria Dr., the property is located in the high density residential area and surrounded with nearby busy commercial district. Public transportations are within walking distance. Easy access to Kingsway and Knight St.
The property is under C-2 Zoning. Its lot size is approx. 3,037 Sq. Ft. (31×98). The Owner spent over $700,000 renovated the whole building in 2014. Two Commercial units on the ground floor and two residential units above plus a 400 Sq. Ft. basement unit. Five separate meters for each unit. And 3 parking stalls at rear.
4917 Victoria Dr. is Leased to a construction company at $1,500 gross rent per month, lease will end on March 2015. Other units are vacant with great lease potential. Annual projected gross income is approx. $87,600, and annual expenses approx. $20,000.
Excellent future development potential.