About This Property
Investor opportunity in a prime residential area on a great block. This three-level property produces approx. $100K annual NOI with an estimated 5% cap rate, or live in the main unit and collect about $70K rent from other units. Income setup includes: $2,500 main unit (incl. garage), $2,100 upper (tenanted), plus $1,350, $1,000, and $900 units all rented, and $350 from the garage/workshop. Enjoy a top-floor deck with mountain views, shared coin laundry, bike storage, and a charming backyard. Ideally located near Commercial Drive, transit, shopping, and recreation. OH Thu Apr 2, 10 am -12 pm OH Sun Apr 5, 2 pm - 4 pm (id:64973)
The listing price of $756 per square foot is in line with the current Vancouver market, making this a competitively priced investment opportunity. This property is well-suited for investors seeking a stable rental income, with an estimated 5% cap rate and the potential to generate approximately $100,000 in annual net operating income.
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