5416 JOYCE STREET OLDER HOME WITH 3 SUITES BUT MAINLY LOT VALUE. 36X105 LOT WITH MANY POSSIBILITIES AND A VERY UNIQUE ZONING RM-10 WHICH ALLOWS BUILDING OF A TRIPLEX WITH .90 FLOOR TO SPACE RATIO OR 2 HALF DUPLEXES WITH LOCK-OFF SUITES WITH .75 FLOOR TO SPACE RATIO, UNDER THE JOYCE-COLLINGWOOD STATION PRECINCT PLAN WITH ONLY 5 LOTS IN THE BLOCK, ALLOWED TO BUILD A 6 STORIES RENTAL BUILDING WITH 2.4 FLOOR TO SPACE RATIO WITH A MINIMUM OF 3 LOTS ASSEMBLY OR 2.6 FLOOR TO SPACE RATIO WITH A MINIMUM OF 4 LOTS ASSEMBLY, UNDER THE TRANSIT ORIENTED AREA TIER-3 ALLOWED TO BUILD AN 8 STORIES RENTAL BUILDING WITH A 3.0 FLOOR TO SPACE RATIO WITH OTHER LOTS ASSEMBLY. MONTH TO MONTH TENANTS WITH A TOTAL RENTAL INCOME OF $4, 050 P.M. INCLUDING UTILITIES, THE SELLER PAYS UTILITIES OF APPROXIMATELY $250 TO $350 P.M. WALK TO RESTAURANTS, SHOPS, PARK, SCHOOL, TRANSPORTATION & THE JOYCE SKYTRAIN STATION. A GREAT INVESTMENT!!! (id:203)