515 W 60TH AVENUE, Vancouver, Marpole

$3,880,000

515 W 60TH AVENUE

"Cambie Community Plan" Investor/ developer Alert! This property next to "Cambie Garden" is in final approval stage at least FSR: 1.2 for the TOWNHOUSE of 6,492 sf floor area, potential increase to 6 floor low rise. The current Presale price in surrounding areas are already a minimum of 1400/ sqft. Property is surrounded by high rises from Marine Gateway and Canada Line Sky train Station. The current price of town house is $1,400~1,600 per sf. The building cost of town house is about $210 per sf. After further deducting cost of management 0.2M, the NET PROFIT will be predicted between 2.37M~4.32M (NET PROFIT RATE about 39~71%.) The current rent of three units is $5,000~5,500 per month. High-return investment!

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