1603 E Broadway, Vancouver, BC

1603 E Broadway, Vancouver, BC

**1603 E Broadway, Vancouver, BC V5N 1V9** **Price: $7,688,000** **PROPERTY DETAILS** * **Listing Type:** Multi-Family * **Property Type:** Multi-family * **Year Built:** 1982 * **Building Area:** 13,073 sq ft * **Lot Size:** 0.277 Acres (12,078 sq ft) * **Lot Dimensions:** 99 ft frontage x 122 ft depth * **MLS® #:** C8071185 **INVESTMENT DETAILS** * **Total Units:** 22 * **Unit Mix:** 20 one-bedroom units, 2 two-bedroom units * **Ownership Structure:** All units have their own legal description. Currently held by only two owners (11 units each). * **Rental Status:** Rents are well under market, presenting significant upside. * **Zoning:** RM-4, situated in the Commercial Drive Station Plan for potential high-density development. **OPPORTUNITY & POTENTIAL USES** * **Investment Strategy:** Ideal to keep as a rental and increase rents, renovate and sell off individual units, or buy-hold and develop in the future. * **Development Upside:** The site can propose huge density and development upside. **PROPERTY DESCRIPTION** AMAZING OPPORTUNITY! This well maintained 22 UNITS STRATA BUILDING is a first time to market, European-built property from the 1980s. There are many options for this investment. The rents are well under market, offering huge upside.