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Apartment Building For Sale at 4289 NANAIMO STREET in Vancouver, British Columbia

4 Sale ID #201176
Updated 04 May 2024

Asking Price

$4,800,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Transit-Oriented Development Site with amazing views! Perfectly located within 200 meters of the Nanaimo Skytrain station, capitalize on the new TOD, allowing for an impressive 5.0 FAR, to develop a towering 20-storey building. This site presents an unparalleled opportunity for expansion through a 4-6 lots land assembly and 250 FT frontage, expanding the potential lot size to 30,175 SF and unlocking up to 150,875 buildable SF. Leverage the potential for significant growth and development in a transit-oriented location and make a landmark impact in the area! (id:39198)

  • MLS® : #C8057260
  • Date Listed : 01 Feb 2024

Location

Province

British Columbia

City

Vancouver

Address

4289 Nanaimo Street

Postal Code

V5N5H6

Location Highlights

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Listed by

eXp Realty British Columbia listing

Category

apartment-buildings

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

3,580

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$4,800,000

Asking Price

$4,800,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

3,580

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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