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2223 Prince Edward St 12 Unit Apartment Building For Sale Vancouver, BC V5T 4K6
INVESTMENT HIGHLIGHTS
- Corner Site Location
- 5 minutes' walking distance of two future stations of The Broadway Millennium Line
- Strata Windup Opportunity
- Excellently maintained to a higher degree, with the potential of holding income
EXECUTIVE SUMMARY
FOR SALE | 7,916 SF | Strata Windup of 12 Strata Units
NAI is proud to present 2223 Prince Edward St, a development opportunity within 5 minutes' walking distance of two future stations of The Broadway Millennium Line. The property currently contains 12 Strata Units, excellently maintained to a higher degree, with the potential of holding income.
The Development Site has the potential to yield up to 6.0 FSR for condo development, with a minimum of 20% of net residential floor area delivered as turnkey social housing units. Or, it can be developed as Secured Market Rental, at 6.5 FSR, with a minimum of 20% net residential floor area secured at below-market rents.
The neighbouring property for sale adds the full potential, with the possibility of two towers of 20 storeys each, to bring a total developable square footage of 169,208 SF.
NAI is proud to present 2223 Prince Edward St, a development opportunity within 5 minutes' walking distance of two future stations of The Broadway Millennium Line. The property currently contains 12 Strata Units, excellently maintained to a higher degree, with the potential of holding income.
The Development Site has the potential to yield up to 6.0 FSR for condo development, with a minimum of 20% of net residential floor area delivered as turnkey social housing units. Or, it can be developed as Secured Market Rental, at 6.5 FSR, with a minimum of 20% net residential floor area secured at below-market rents.
The neighbouring property for sale adds the full potential, with the possibility of two towers of 20 storeys each, to bring a total developable square footage of 169,208 SF.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Sale Condition | Redevelopment Project | Lot Size | 0.18 AC |
| No. Units | 12 | Building Size | 9,705 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | Parking Ratio | 1.23/1,000 SF |
| Zoning | R5-3 - Residential | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,705 SF |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | R5-3 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (81)
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2223 Prince Edward St
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