My Office Listings

342 N GARDEN Drive
Hastings Vancouver V5L 3E9

$4,560,000
Multi-Family Commercial

Main Photo: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
Photo 1: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
Photo 2: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
Photo 3: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8051740
Build. Type:
Low Rise (2-4 stories)
East Vancouver’s latest apartment building FOR SALE. Situated on a corner lot in the quiet Cedar Cove, this building offers 12 suites (11 one-bedroom & 1 two-bedroom) in excellent condition. All units are made special by spacious wraparound balconies. The north-facing units on the second and third floors especially enjoy the magnificent view of the Burrard Inlet and the North Shore mountains. The south-facing units have large windows that allow ample light in. The property features a beautiful garden, well maintained by residents. Tenants also enjoy the convenience of the large private parking lot that is perfect for 9 vehicles. Updates have been implemented recently to increase the value of the property. Such updates include a new roof, hot water tank, hot water boiler, and double-glazed windows. Future development is available as well with a potential 2.4 FSR for purpose-built rental in the Grandview Woodland’s OCP. Current rents are substantially below market providing opportunities for rent increases.
Sale Type:
Asset
Sublease:
No
Total space avail for lease:
8,174 sq. ft.
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
12
# of Appartments:
12
# of 1 Bedroom Appartments:
11
# of 2 Bedroom Appartments:
1
# Storeys:
2.0
Year built:
1967 (Age: 56)
Lot Area:
0 sq. ft.
Lot Depth:
122
Lot Frontage:
67'
Land Use/Zoning:
RM-3A
Permitted Use:
Multifamily (5+)
Taxes:
$9,826.59 / 2022
Services Connected:
Curb; Gutter, Fully Serviced, Lane Paved, Street Lighting, Sidewalk
Water Supply:
Municipal
HVAC:
Common Water Heater
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
No
  • Photo 1: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
    Photo 1 of 3
  • Photo 2: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
    Photo 2 of 3
  • Photo 3: 342 N GARDEN Drive in Vancouver: Hastings Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8051740
    Photo 3 of 3
Listed by RE/MAX Crest Realty
Data was last updated June 8, 2023 at 03:10 AM (UTC)
JEFF DENNIS
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® 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 either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.