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4987 Main Street


SOLD $3,300,000

Price $3,800,000
Property type Apartment with redevelopment potential
Units 8
Storeys 2 in front; 3 at rear
Year built 1953
Lot size 54’ × 100.93' (5,450 SF)
Zoning RM-3A
Price per unit $475,000
Cap rate 2.1%
Gross income multiplier 34.1
Parking 7 surface stalls
Floor space ratio Up to 2.3 FSR
Development potential 4 to 6 storeys
PID 009-930-671
Legal description Lot 30 Block 4 District Lot 637 Plan 8768
Sale price $3,300,000
Sale date 03/02/2020


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