3606 Nanaimo Street in Vancouver: Renfrew Heights Home for sale (Vancouver East)
3606 Nanaimo Street Vancouver V5N 5H1 : Renfrew Heights
Excellent hold potential with this 3,684 SF mixed use retail/residential building on large 8,390 SF underutilized lot, within 6 minutes walk to Nanaimo Skytrain Station.
Your income potential and development potential both increase dramatically when leases expire. Upstairs residential unit has been fully updated and has six bedrooms. Upstairs leased till 2017 at $2,800 per month with market rents up to $3,600 per month. Main floor tenant is long term stable Montessori Preschool with gross rents of $2,467 per month, with market rents up to $4,500 per month (current lease option to 2025). Garage is also rented out at $500 per month.
C-1 zoning allows for FSR of up to 1.2 or over 10,000 SF.
Listing information last updated on Feb 4, 2016 5:13 PM