1 / 38$2,299,000
477 POWELL STREET, Vancouver BC V6A 1G7
Building Size
5,600 sqft
Lot Size
3,049.2 sqft
Sub-type
Multi Family
Zoning
DEOD COMPREHENSIVE
Year Built
1991
Description
INVESTOR ALERT 7.58% Gross Cap, 11.0 FSR Potential & Massive Railtown Upside! Turn-key investment on the edge of vibrant Railtown. This fully tenanted mixed-use building offers 5 revenue streams: three 2-bedroom residential suites with park views/balconies, a high-visibility retail unit, and a garage/warehouse space. Separately metered for electricity, it delivers a rare 7.58% gross cap rate at the listing price. DEVELOPMENT UPSIDE: High-exposure corner lot in the DEOD with massive zoning upgrades. Capitalize on an FSR up to 11.0 for secured rental projects, heights up to 32 storeys, and slashed social housing requirements. Under Bill 18, compliant projects bypass public hearings to fast-track timelines. Minutes to the new $2.2B+ St. Paul’s Hospital campus. Secure strong immediate cash flow with legendary future upside!
Location
477 POWELL STREET, Vancouver BC V6A 1G7
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