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. Tenanted units 48 Hours Notice. (id:64973)
The $758 per square foot price tag for this 1912-built property aligns with the current Vancouver market, making it a reasonably valued investment opportunity. Given the property's significant income potential, producing an estimated $100,000 annual net operating income, this multi-unit asset would be an attractive acquisition for real estate investors seeking stable cash flow in a prime residential location.
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