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TRG - The Residential Group Realty
604-629-6100
admin@trgrealty.ca
#101- 1965 West 4th Avenue
Vancouver, BC
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- C8067541
- Build. Type:
- Low Rise (2-4 storeys)
- Photos (2)
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A rare find development site or long-term holding rental property in central Langley. Close proximity to Surrey-Langley Skytrain Extension. OCP allows FSR up to 2.1, up to 6 story. The next door development of 6-story condo building is recently done. Currently has 7 units of townhouse fully tenanted with good cash flow, also a good choice for long-term holding with future value. Desirable location that close all accesses such as restaurants, bars, groceries, transit, park, playground, professional services and University. This area is proved to be a promising investment for investors. By appointment only. Don't miss!
- Sale Type:
- Asset
- Sublease:
- Yes
- Property Type:
- Commercial Sale
- Commercial Type:
- Multi Family
- Construction:
- Concrete Block, Frame Wood
- Num Storeys:
- 2
- Building Type:
- Low Rise (2-4 storeys), Mixed Use, Mul Tenant/MultiPlex (5+)
- # Bldgs:
- 1
- # Units Total:
- 0
- # Other Units:
- 0
- # of Apartments:
- 7
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 0
- # of 2 Bedroom Apartments:
- 0
- # of 3 Bedroom Apartments:
- 7
- Year built:
- 1970 (Age: 55)
- Living Area:
- 11,900 sq. ft.
- Subject Property Depth:
- 201'
- Subject Property Width:
- 100'
- Subject Space Depth:
- 201'
- Subject Space Width:
- 100'
- Title to Land:
- Freehold
- Lot Area:
- 20,037.6 sq. ft.
- Zoning:
- RM-1
- Potential to Redevelop:
- OCP permits development with up to 6 story and FSR up 2.1, No
- Fencing:
- Fenced
- Parking:
- Guest
- # Of Parking Spaces - Total:
- 7
- Heating:
- Baseboard, Electric, Separate Controls
- Cooling:
- Electric, Separate Controls
- Electricity:
- Yes
- Services Connected:
- Electricity Connected, Natural Gas Connected
- Sewer:
- Public Sewer, Sanitary Sewer, Storm Sewer
- Parcel Number:
- 002044005
- Taxes:
- $14,388.03 / 2024
- No
- 3.22% OF 1ST $100,000 AND 1.15% ON THE BALANCE
- Water Supply:
- Public
- Water Rights:
- No
- Potential to Redevelop:
- OCP permits development with up to 6 story and FSR up 2.1, No
- Env Assmt Phase:
- No
- Cap Rate %:
- 2.5
- Gross Income:
- 170000.0
- Oper. Expenses:
- 30000.0
- Other Income:
- $0
- Effective Gross Income:
- $170,000
- Net Operating Income:
- $140,000
- Original Price:
- $5,688,000
-
View of building exterior with uncovered parking and a residential view -
View of multi unit property
Listed by Magsen Realty Inc. and TRG The Residential Group Downtown Realty
Data was last updated April 2, 2025 at 12:40 AM (UTC)
- Jenny Xu PREC*
- Magsen Realty Inc.
- 604-872-3218
- Contact by Email
- Vandad Saniee
- TRG-The Residential Group Downtown Realty
- 604-250-4395
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