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1235 NELSON Street
West End VW Vancouver V6E 1J5

$22,800,000
Multi-Family Commercial

Main Photo: 1235 NELSON Street in Vancouver: West End VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8045759
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8045759
Build. Type:
Low Rise (2-4 stories)
The subject property is situated on a large 17,300 SF lot. The apartment has 42 suites, which are all improved with granite counter tops in the kitchens and bathrooms. Oak hardwood floors, ornamental fireplaces, and high ceilings add to the character of this unique building. There is great potential for rental increases as many of the tenants are paying below average rental rates for the area. In addition, the property is held in bare trust, meaning that buyers have the potential to save significantly by avoiding property transfer tax.
Sale Type:
Asset
Construction:
Brick/Masonry, Wood Frame
Building Type:
Low Rise (2-4 stories), Mixed Use
Name of Complex/Subdivision:
# Other Units:
# of Appartments:
42
# of 1 Bedroom Appartments:
25
# of 2 Bedroom Appartments:
17
# Storeys:
3.0
Year built:
1931 (Age: 91)
Total Floor Area:
17,300 sq. ft.
Lot Area:
17,300 sq. ft.
Land Use/Zoning:
RM-5B
Taxes:
$60,198 / 2022
Laundry Facility, Secured Building
# Elevators:
0
HVAC:
Radiant
Roof:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 1235 NELSON Street in Vancouver: West End VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8045759
    Photo 1 of 1
Listed by NAI Commercial
Data was last updated September 25, 2022 at 06:10 PM (UTC)

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