2026 Franklin Street

2026 Franklin Street
For Sale  $3,500,000.00
Description

The subject property is strategically located near the corner of Semlin Drive and Franklin Street in the Cedar Cove area, in the heart of East Vancouver’s trendy Grandview Woodland community. The subject property is situated just minutes from downtown Vancouver and located directly across from the flagship Ironworks development by Conwest, which set to complete mid 2019. This vibrant area is in the midst of significant growth with recent acquisitions by Cressey, Anthem Properties and Mosaic, set to drive significant residential development in the immediate area.

Opportunity

The subject property is improved with a 2 storey plus basement multi-family building comprising 8 one-bedroom units. Each of the units are separately metered for electricity, with surface parking stalls at the rear of the property. The existing zoning policy allows for building height of 6 storeys, with up to a 2.40 FSR in density, for a secured market rental housing project.

 
Price Brochure
$3,500,000.00
Details
  • Address 2026 Franklin St.
  • Price $3,500,000.00
  • District East Vancouver
  • Type Investment, Multi-Family, Redevelopment
  • Lot Size 6,036 SF (approx.)
  • Zoning RM-3A (Multiple Family Dwelling)
  • Year Built 1910
  • PID 011-689-510
  • Property Taxes $6,870.19 (2018)
  • Income Please contact agent
Location Map   
Description

The subject property is strategically located near the corner of Semlin Drive and Franklin Street in the Cedar Cove area, in the heart of East Vancouver’s trendy Grandview Woodland community. The subject property is situated just minutes from downtown Vancouver and located directly across from the flagship Ironworks development by Conwest, which set to complete mid 2019. This vibrant area is in the midst of significant growth with recent acquisitions by Cressey, Anthem Properties and Mosaic, set to drive significant residential development in the immediate area.

Opportunity

The subject property is improved with a 2 storey plus basement multi-family building comprising 8 one-bedroom units. Each of the units are separately metered for electricity, with surface parking stalls at the rear of the property. The existing zoning policy allows for building height of 6 storeys, with up to a 2.40 FSR in density, for a secured market rental housing project.

 
  • Location 2026 Franklin St.
  • Price $3,500,000.00
  • District East Vancouver
  • Type Investment, Multi-Family, Redevelopment
  • Lot Size 6,036 SF (approx.)
  • Zoning RM-3A (Multiple Family Dwelling)
  • Year Built 1910
  • Legal Description LT 3 BLK 39 PL VAP178 DL 184 NWD
  • PID 011-689-510
  • Property Taxes $6,870.19 (2018)
  • Income Please contact agent
Features
Contact Info
Contact
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Agent
  • Name corbel
  • Phone
  • Mobile  
  • Email willow@corbelcommercial.com
  • Web Site  
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