About This Property
Exceptional investment opportunity in the heart of East Vancouver's sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The building has has major mechanical upgrades and units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul's Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city's most popular, high demand areas. (id:64973)
At $660 per square foot, this multi-family property is priced competitively compared to the average East Vancouver market of $700 per square foot. With 9 modern one-bedroom units and low tenant turnover, this building presents a compelling investment opportunity for those seeking a stable, cash-flowing asset in Vancouver's vibrant Commercial Drive neighbourhood.
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