A 2 storey mixed-use building totaling 8,400 sq ft. Currently leased to 3 separate tenancies & 2,200 sq ft available for lease on the 2nd floor. This property falls under the Grandview Woodlands Community Plan. For sites with a minimum frontage of 200 ft, the city would support a redevelopment for an 8 storey residential building with commercial at grade up to 3.0 FSR. There is potential to assemble & redevelop. Once the vacancy is leased, we are projecting a 3% cap rate. A solid building & investment with future redevelopment potential with great holding income.
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