INVESTMENT OPPORTUNITY

RECENTLY SOLD

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2050-2060 Alma St. & 3675 West 5th Avenue, Vancouver

Features

  • 4 storeys mixed use if developed as Commercial and Residential
  • 6 storeys if developed as a Rental Property
  • 9 to 22 Residential Units
  • 2 to 3 Commercial Retails Units
  • 18 to 32 Parking Spots
  • Land: 9,604 sq. ft. / Corner lot (120 ft.* 80 ft.)
  • Buildable : 24,010 sq. ft.
  • Zoning: C2
  • FSR: 2.5
  • Price: $11,880,000

Great development potential with more than 50% return over initial investment.



Comparable Residential Properties on MLS (Sold/ Active)

4 storeys mixed use if developed as Commercial and Residential 6 storeys if developed as a Rental Property 9 to 22 Residential Units 2 to 3 Commercial Retails Units 18 to 32 Parking Spots Land: 9,604 sq. ft. / Corner lot (120 ft.* 80 ft.) Buildable : 24,010 sq. ft. Zoning: C2 FSR: 2.5 Price: $11,880,000 Comparable Residential Properties on MLS (Sold/ Active) Features Great development potential with more than 50% return over initial investment. Single family homes are selling in an average of more than $3 Million in Kitsilano area. Located just steps away from Point Grey, Canada’s most expensive neighbourhood, Royal Yacht Club and Jericho Tennis Club makes this project desirable to many families who are downsizing but would like to stay in this great neighbourhood. To see the list of similar projects and properties recently sold refer to the following table:

Comparable pre-sale projects

Chateau Laurier:

1009 Laurier Avenue, Vancouver BC 2 and 3 bedrooms $1,265 to $1600 per Sq.ft.

Green Oak Development:

W 7th Avenue and Yew Street, Vancouver, BC 2 and 3 bedrooms $1,450 per Sq.ft.

Site:

Located at the corner of 5th Ave and Alma St, the site is currently occupied by two single family houses and a 3 storey mixed used building. The property is currently generating $12,000 per month in rental income with potential to increase to $25,000 per month. pic5

Legal Description:

Civic Addresses: 2050 Alma Street, Vancouver, B.C., Legal Description: PID: 011-276-126 LOT D OF LOTS 13 AND 14 BLOCK 27 DISTRICT LOT 540 PLAN 4872 Civic Addresses: 2060 Alma Street, Vancouver, B.C. Legal Description: PID: 011-276-118 LOT C OF LOTS 13 AND 14 BLOCK 27 DISTRICT LOT 540 PLAN 4872 Civic Addresses: 3675 West 5th Avenue, Vancouver, B.C. Legal Description: PID: 011-276-100 LOT B OF LOTS 13 AND 14 BLOCK 27 DISTRICT LOT 540 PLAN 4872

Location

Located in Kitsilano neighbourhood, one the most luxurious and sought after neighbourhood in Canada, near many Shops and Restaurants opposite Jericho Village and within walking distance to Jericho beach, Jericho Park, Royal Vancouver Yacht Club, Jericho Tennis Club, 7 minutes drive to UBC and 15 minutes drive to Downtown Vancouver. pic6

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Feasibility