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767 Nicola Street, Vancouver BC – SALE

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Fully stratified mixed-use building on an 8,184 SF corner lot in Vancouver’s sought-after West End neighborhood. Built in 2010, this offering includes 24 strata units that are contiguously owned. This 6-storey building benefits from a central location in Vancouver’s West End neighborhood and is just steps away from numerous shops, restaurants, Stanley Park, and Coal Harbour.

Situated on the northwest corner of Robson Street and Nicola Street in Vancouver’s West End, this property enjoys proximity to world-renowned attractions such as Robson Street, Stanley Park, English Bay Beach, and the central business district. With all these amenities within walking distance, this investment opportunity is exceptionally rare and offers potential for redevelopment upside.

HIGHLIGHTS

  • 100% Interest in a stratified building – Rare opportunity to own a fully-stratified condo-quality building with 21 residential and 3 retail strata lots
  • Secure cash flow – Fully occupied and professionally managed providing stable tenants for steady income
  • Centrally located and amenity rich – Situated on the highly-coveted corner of Robson Street and Nicola Street in the West End, which provides immediate access to shopping, restaurants, Stanley Park, Coal Harbour, and the world-class Seawall.
  • Flexible value-add opportunities – Stratified building ownership provides flexible opportunities to improve the
    building, individual units, or redevelop under the West End Plan.
  • Redevelopment potential – Current zoning of C-6 and guidelines under the West End Plan, provide an opportunity to redevelop the property. The property is surrounded by many new high-rise developments.

 

INVESTMENT & DEVELOPMENT INSIGHTS

  • VALUE-ADD – Opportunity to update the 21 condo-quality residential rental units and stabilize both the residential and retail income through streamlined property management
  • 24 Stratified unit sales – Uniquely positioned as a contiguously owned fully-stratified building with the opportunity to capitalize on increasing demands of smaller owner-users and investors
  • Longer term redevelopment – Through its designation under the West End Community Plan, the property has the potential to be redeveloped into a high density mixed-use building. The land-use plan permits 8.75 FSR with 130 feet of frontage

About

Fully stratified mixed-use building on an 8,184 SF corner lot in Vancouver’s sought-after West End neighborhood. Built in 2010, this offering includes 24 strata units that are contiguously owned. This 6-storey building benefits from a central location in Vancouver’s West End neighborhood and is just steps away from numerous shops, restaurants, Stanley Park, and Coal Harbour.

Situated on the northwest corner of Robson Street and Nicola Street in Vancouver’s West End, this property enjoys proximity to world-renowned attractions such as Robson Street, Stanley Park, English Bay Beach, and the central business district. With all these amenities within walking distance, this investment opportunity is exceptionally rare and offers potential for redevelopment upside.

features

HIGHLIGHTS

  • 100% Interest in a stratified building – Rare opportunity to own a fully-stratified condo-quality building with 21 residential and 3 retail strata lots
  • Secure cash flow – Fully occupied and professionally managed providing stable tenants for steady income
  • Centrally located and amenity rich – Situated on the highly-coveted corner of Robson Street and Nicola Street in the West End, which provides immediate access to shopping, restaurants, Stanley Park, Coal Harbour, and the world-class Seawall.
  • Flexible value-add opportunities – Stratified building ownership provides flexible opportunities to improve the
    building, individual units, or redevelop under the West End Plan.
  • Redevelopment potential – Current zoning of C-6 and guidelines under the West End Plan, provide an opportunity to redevelop the property. The property is surrounded by many new high-rise developments.

 

INVESTMENT & DEVELOPMENT INSIGHTS

  • VALUE-ADD – Opportunity to update the 21 condo-quality residential rental units and stabilize both the residential and retail income through streamlined property management
  • 24 Stratified unit sales – Uniquely positioned as a contiguously owned fully-stratified building with the opportunity to capitalize on increasing demands of smaller owner-users and investors
  • Longer term redevelopment – Through its designation under the West End Community Plan, the property has the potential to be redeveloped into a high density mixed-use building. The land-use plan permits 8.75 FSR with 130 feet of frontage
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* NOI stands for Net Operating Income. The data relating to real estate on this web site comes in part from the MLS Reciprocity program of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver or the Fraser Valley Real Estate Board.

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