32380 Lougheed Highway
SOLD $4,899,000
- Address: 32380 Lougheed Highway
- Year Built: 1960
- Tax: $9,869
- Tax Year: 2019
-
Features:
Units
- 26 pads
Cap rate
- 3.7%
Zoning
- Urban Residential 558 Zone
Floor space ratio
- 2.0 FSR
Price per SF buildable
- $39.67
Price per acre
- $1,727,850
Legal description
-
- Lot "A" except part on SRW Plan LMP24377, Section 17 Township 17 New Westminster District Plan 8282
2.87-acre turn-key mobile home park with development potential
The subject property is currently operating as a mobile home park along Lougheed Highway in Mission. This site has an OCP compliant commercial designation which permits various commercial uses and allows for up to 4 storeys and a density of 2.0 FSR. The current use as a mobile home park is grandfathered, but the City of Mission would encourage change to commercial zoning. There are a total of 26 fully leased pads all on a month-to-month basis. Great holding income during the rezoning process (approx $181,546 NOI). Under current conditions, the rezoning and DP process for a commercial project run concurrently. As such, a 6-8 month timeline is anticipated for a project to get to Council for rezoning.Mortgage Calculator
Mortgage Amount:
Monthly Payment:
Featured Properties
5 BED
4 BATH
4,274 Sq.Ft.
$5,350,000
8275 Laburnum St, Vancouver
VANCOUVER WEST
MLS®: R2840826
Dexter Realty
5 BED
2 BATH
2,748 Sq.Ft.
$2,599,000
74 DESSWOOD PLACE , West Vancouver
West Vancouver, Glenmore
MLS®: R2861598
Dexter Realty
2 BED
2 BATH
965 Sq.Ft.
$959,000
PH9 5629 DUNBAR STREET
VANCOUVER WEST, Dunbar
MLS®: R2811582
Dexter Realty
Share Listing