6 bed
12 bath
10,426 sqft
Other
Built in 1910
3,049 sqft lot
Freehold NonStrata
DD zone
Public remarks
Explore 1130 Granville, in the heart of Vancouver's vibrant Downtown Entertainment District. This 12,000 sq ft mixed-use property blends vintage charm with modern potential, featuring original brick walls, hardwood floors, and ceilings up to 16 feet—ideal for diverse businesses. It includes 2 commercial spaces and 6 residential units 4 2-bedrooms and 2 1-bedroom). With upcoming developments like 717 Davie enhancing this area, and changes to Granville Street, the property is poised as a key investment hotspot. The easing of licensing rules adds to its allure. Offered at $7.25 million with a projected 7% cap rate at full occupancy, it's an excellent opportunity for investors seeking significant returns in a growing market. Don’t miss out! SOLD AS IS WHERE IS
Private remarks
Measures are Approximate, Buyer to verify if deemed important. Currently vacant on First floor and Basement, due to Landlord religious restrictions. Minimum projected income is 500K. Cooperating agent commission: 1% WITH COOPERATING AGENT AT FORMAL INTRODUCTION; OTHERWISE, $500. Listing on Paragon Commercial: C8059817.
Buyer agency compensation
1% with cooperating agent at formal introduction; otherwise, $500.
$7,250,000 ($695/sqft)
Active
Listed
05/03/2024
Expiry date
Original price
Gross taxes (2023)
$30,376.60
Property transfer tax
$280,500.00
Last Updated: 12/02/2024 06:39 PM
Courtesy of eXp Realty
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 1130 Granville Street | R2878823 | 12/02/2024 06:39 PM | 05/03/2024 | Active | $7,250,000 | Login to view | Yashar Yousef PREC* | eXp Realty |
