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Main Photo: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
Photo 1: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
Photo 2: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
Photo 3: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
Status:
Active
Prop. Type:
Office, Retail
MLS® Num:
C8059634
Build. Type:
Freestanding
This rare, professionally maintained and managed, standalone investment property sits on the corner of a major commercial intersection at 49th Avenue and Fraser Street in Vancouver. It features a long-term, hassle-free triple-net lease agreement with a AAA tenant, Scotia Bank leasing both floors. With robust underlying land value surrounded by other banks, businesses, and a historically stable and vibrant walking traffic and transit focused community, this property presents a predictable, generational investment opportunity with once in a lifetime redevelopment upside. With its flourishing growth and economic expansion, the Faser area has emerged as one East Vancouver’s most coveted neighborhoods. This property provides the timely opportunity to enjoy the rewards of the area's soon to be planned redevelopment and resulting economic upside at today's lower prices with strong cashflow in the meantime. Please contact Eric or Aman for further details on this promising investment opportunity.
Sale Type:
Asset
Construction:
Concrete Block, Wood Frame, Mixed
Building Type:
Freestanding
Name of Complex/Subdivision:
# Bldgs:
1
# Other Units:
# Storeys:
1.0
Year built:
1955 (Age: 69)
Total Floor Area:
7,500 sq. ft.
Retail Size:
5,350 sq. ft.
Other Size:
2,150 sq. ft.
Lot Area:
7,596.6 sq. ft.
Lot Depth:
115.1
Lot Frontage:
66'
Land Use/Zoning:
C2
Permitted Use:
Mixed Use
Taxes:
$65,241.5 / 2023
Air Conditioning, Secured Building, Storefront, Washrooms Female/Male
Services Connected:
Cable, Electricity, Fully Serviced
Water Supply:
Municipal
HVAC:
Central A/C
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
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: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
    Photo 1 of 3
  • Photo 2: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
    Photo 2 of 3
  • Photo 3: 6498 FRASER Street in Vancouver: Fraser VE Office for sale (Vancouver East)  : MLS®# C8059634
    Photo 3 of 3
Listed by Oakwyn Realty Ltd.
Data was last updated May 19, 2024 at 07:10 AM (UTC)
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