677 E 7th Ave - Apartments FOR SALE


Vancouver, BC V5T 1N9- Mount Pleasant
$21,000,000 CAD
604-647-1352
677 E 7th Ave, Vancouver, BC for Sale
$21,000,000 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

677 E 7th Ave
Vancouver, BC V5T 1N9
Mount Pleasant


HIGHLIGHTS

  • Walking distance to three (3) future Broadway stations on Main St/E Broadway, Emily Carr Station, and VCC Clark
  • Corner lot with efficient site dimensions to maximize revenue on redevelopment (173 ft x 122 ft)
  • Development potential of up to 6.50 FSR and 20 storeys

OVERVIEW

Avison Young is pleased to market for sale 677 East 7th Street, Vancouver, BC (the “Property”). The Property is improved with a 42-unit apartment building situated on a 21,155-sf residential development site with significant exposure along East 7th Avenue. Situated in the heart of Vancouver’s Mount Pleasant neighbourhood, the Property is designated as Mount Pleasant North Apartment Area – Area B within the Broadway Plan. This land designation promotes the development of high-rise rental apartment buildings permitting a density of up to 6.50 FSR and height of 20-storeys. For developers seeking to establish themselves in a thriving and sought-after neighbourhood, the Property presents an exceptional opportunity. The surrounding Mount Pleasant area offers a wealth of amenities and recreational activities, further enhancing the desirability of the location.

FOR SALE DETAILS

PRICE

$21,000,000 CAD

PRICE/SF

$658 CAD /SF

# OF UNITS

42

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount View Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

36

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-4

APN/PARCEL ID

008-541-248

ASK ABOUT THIS PROPERTY

Carey BuntainAvison YoungMore Info
604-647-1352

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Carey BuntainAvison YoungMore Info
604-647-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.