2280 Mcgill St | Vancouver, BC V5L 3G1
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2280 Mcgill St
Vancouver, BC V5L 3G1
Multifamily Property For Sale · 20 Units
Investment Highlights
- Designated for 6 storey apartment
- New IBC high-efficiency boiler and hot water tank
- Torch on roof replaced in 2010
Executive Summary
$1.5M PRICE REDUCTION | 20-Unit Apartment Building in Grandview Neighbourhood
Constructed in 1966, the property is a well-maintained three-storey apartment building situated on McGill Street in the Cedar Cove area of Grandview Woodlands. The building is situated on a 12,006 SF lot with a surface-level parking area at the rear. The property is designated for a 6-storey apartment at a density of up to 2.40 FSR within the Grandview-Woodland Community Plan offering long-term redevelopment potential.
The building has a suite mix of 14 one-bedrooms, 3 two-bed-rooms, and 3 bachelor suites most of which are equipped with a balcony or patio. Each suite is separately metered for hydro, paid by the tenants. The heating is supplied via hot water baseboard radiators with a new IBC high-efficiency boiler and hot water tank recently upgraded.
Constructed in 1966, the property is a well-maintained three-storey apartment building situated on McGill Street in the Cedar Cove area of Grandview Woodlands. The building is situated on a 12,006 SF lot with a surface-level parking area at the rear. The property is designated for a 6-storey apartment at a density of up to 2.40 FSR within the Grandview-Woodland Community Plan offering long-term redevelopment potential.
The building has a suite mix of 14 one-bedrooms, 3 two-bed-rooms, and 3 bachelor suites most of which are equipped with a balcony or patio. Each suite is separately metered for hydro, paid by the tenants. The heating is supplied via hot water baseboard radiators with a new IBC high-efficiency boiler and hot water tank recently upgraded.
PROPERTY FACTS
| Price Per Unit | $227,848 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 20 | Building Size | 12,006 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low Rise | Parking Ratio | 0.58/1,000 SF |
| Price Per Unit | $227,848 USD |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 12,006 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.58/1,000 SF |
zoning
| Zoning Code | RM-3A |
| RM-3A |
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