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1 220 E 15TH Avenue
Mount Pleasant VE Vancouver V5T 2P9

$3,538,000
Multi-Family Commercial

Main Photo: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8066852
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8066852
Build. Type:
Freestanding
Wow! Solid income producing investment property available on E.15th Avenue near Main Street. Within the Broadway Plan - "Mount Pleasant South Apartment Area B", and Mount Pleasant Station Transit Oriented Development Area (TOA), excellent future development potential when combined with neighbouring properties. Entire Property (+95%) re-built between 2009 & 2010, total of 6 X 1 Bedroom + Den self contained units. Annual Gross income of approx. $135,345 and 3.31% return. The current under-market rents present a great potential for rental upside on the overall income revenue. Great income holding investment with future redevelopment potentials.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Residential Mix
Name of Complex/Subdivision:
# Units:
6
# Other Units:
# of Apartments:
6
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
6
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
# Storeys:
3.0
Year built:
1920 (Age: 105)
Total Floor Area:
4,451 sq. ft.
Lot Area:
3,958.73 sq. ft.
Lot Depth:
122.07
Lot Frontage:
32'5"
Land Use/Zoning:
RM-4
Permitted Use:
Multifamily (5+)
Taxes:
$9,118.68 / 2024
Water Supply:
Municipal
HVAC:
Baseboard
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 1 220 E 15TH Avenue in Vancouver: Mount Pleasant VE Multi-Family Commercial for sale (Vancouver East) : MLS®# C8066852
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Listed by RE/MAX Real Estate Services
Data was last updated February 23, 2025 at 05:10 PM (UTC)
ALEX REN
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®, Fraser Valley Real Estate Board and Chilliwack & District Real Estate Board. All Rights Reserved.
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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.