314 W 12TH AVENUE
Vancouver, Mount Pleasant VW
Sold February 14, 2025
About This Property
Build a Six-Storey Rental Apartment revenue machine! Ideally located steps to the Canada Line, City Hall and all of the amazing offerings of Cambie Village. With the ability to acquire two consecutive 50''x125'' lots which offers you a total lot size of 12,500sqft and with the new Broadway Plan zoning allows up to 2.7FSR which equates to 33,750sqft. This location offers high yielding rents from $4 and up to $5 per square foot. Your tenants will love the location with only 4 Blocks to Broadway City Hall and Canada Line , 1 Block to Vancouver City Hall, 2 Blocks to Cambie Village shopping, 5 Blocks to Whole Foods, 10 minute walk to VGH, 5 minute walk to Simon Fraser Elementary, 2 minute drive to Downtown. The current long-term tenants provide a income stream during the development planning.
Property Details
About the Building
Other Units Sold at Magnolia At Cityhall
| Date | Unit / Address | Beds | Baths | vs Asking | Sold Price | $/sqft | Sqft | DOM | Strata Fee | Tax | Listed By |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 24, 26 | 224 W 13TH AVENUE | 8 | 4 | View → | View Sold Price → | — | 3,759 | 29d | — | $8,856/yr | RE/MAX Select Realty |
| Mar 11, 26 | 345 W 13TH AVENUE | 13 | 12 | View → | View Sold Price → | — | 5,366 | 13d | — | $15,677/yr | RE/MAX Real Estate S… |
| Mar 11, 26 | 387 W 13TH AVENUE | 16 | 11 | View → | View Sold Price → | — | 5,017 | 54d | — | $12,954/yr | RE/MAX Real Estate S… |
| Nov 17, 25 | 345 W 11TH AVENUE | 6 | 4 | View → | View Sold Price → | — | 4,003 | 34d | — | $9,490/yr | RE/MAX Select Proper… |
| Median (4 units) | — | — | — | 4,510 | 32d | — | $11,222/yr | ||||
