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2494 CORNWALL Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale (Vancouver West) : MLS®# C8016069

2494 CORNWALL Avenue Vancouver V6K 1B8 : Kitsilano

Main Photo: 2494 CORNWALL Avenue in Vancouver: Kitsilano Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8016069
$19,500,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8016069
Status:
Active
Exceptional investment opportunity! This well run CO-OP apartment building is located 1 block to Kits Beach in the heart of Kitsilano neighborhood. Pristine 12,000 sq ft corner lot with 18 suites (6x1 bdrm & 12x2 bdrm) with 9 secured rear lane parking garages. Some suites provide exceptional water views. Redevelopment potential with NO rezoning under the RM4 zoning & NO rental replacement OR take advantage of the Affordable Housing Choices Interim Rezoning Policy which allows for 100% rental redevelopment of up to 6 stories. Entire building is available via potential CO-OP wind up. For further details please contact listing agents.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Year built:
1947 (Age: 71)
Land Use/Zoning:
RM4
Taxes:
$20,391.93 / 2016
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by Lee & Associates Vancouver
Listing information last updated on May 25, 2018 at 07:05 PM (UTC)
RAYMOND LEUNG

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