$1.5M PRICE REDUCTION | 20-Unit Apartment Building in Grandview Neighbourhood Constructed in 1966, the property is a well-maintained three-storey apartment building situated on McGill Street in the Cedar Cove area of Grandview Woodlands. The building is situated on a 12,006 SF lot with a surface-level parking area at the rear. The property is designated for a 6-storey apartment at a density of up to 2.40 FSR within the Grandview-Woodland Community Plan offering long-term redevelopment potential. The building has a suite mix of 14 one-bedrooms, 3 two-bed-rooms, and 3 bachelor suites most of which are equipped with a balcony or patio. Each suite is separately metered for hydro, paid by the tenants. The heating is supplied via hot water baseboard radiators with a new IBC high-efficiency boiler and hot water tank recently upgraded.