Investment Property For Sale 245 East Hastings Street Vancouver, British Columbia For further information contact JORDAN J. ENG CHRIS TSOROMOCOS Success Realty & insurance Ltd. T.R.G. Commercial Realty Ltd. 604-728-0883 604-725-4519
[email protected] [email protected] Investment Property For Sale 245 East Hastings Street Vancouver, British Columbia Location Zoning 245 East Hastings is strategically located on the north DEOD (Downtown-Eastside/Oppenheimer District) The side mid-block between Main Street and Gore Avenue zoning allows a broad variety of uses including residential, in the Downtown Eastside (DTES), the City’s oldest commercial, and light industrial. neighbourhood. East Hastings Street is the main The property lies within “Sub-Area 1 Main/Hastings” an East-West commercial corridor into Downtown important gateway to Downtown. This area is intended to Vancouver. be a high-density, mixed commercial and residential area. In close proximity is Chinatown, Gastown and The maximum density for any development is a 1.0 F.S.R. Railtown. These neighbourhoods have seen except that the Development Permit Board may permit an substantial commercial office and residential increase in the maximum floor space ratio of 5.0. development in recent years resulting from growth pressures of the Downtown Core. Subject to certain provisions, an increase in the floor space ratio is allowable for retail, service, manufacturing, or The development of the 18.4 acre Station Street site of wholesale uses. the new St. Paul’s Hospital on the False Creek will have a significant impact on economic development in the area. Property Taxes (2019): $9,104.21 Similarly, the current planning of the North East False Legal Description: Lot 14, Block 10 District Creek Area Plan (NEFC) which includes the removal Lot 196 Plan 184 of the Georgia Viaduct will bring an unprecedented population growth to the area.