About This Property
THIS IS A SALE OF A BARE LAND STRATA LOT. This single strata lot (one of two) contains a heritage-style house with 3 suites (one per floor). This strata lot includes an undivided 50% of a 50 X 125 (6250 sqft) RT8 lot. The location is superb. Quiet south-facing lot in Kits is close to coffee, groceries, restaurants, pharmacy, public transit, and all manner of shopping and services. The site is a short stroll from the end of the Broadway Subway Extension (under onstruction). The suites are rented at below-market rates but there is big up-side potential for an savvy wner/occupier. House was built in 1910 and updated in 1990 including 400 Amp service and partial sprinkler. Note: Coach house at rear of site is a separate strata lot and is NOT part of the listing. THIS IS A BARE LAND STRATA. (id:64973)
The $927 per square foot price tag for this 1910-built property is slightly above the Vancouver average, but the potential rental income from the three self-contained suites and the prime Kitsilano location near the upcoming Broadway Subway extension make it a compelling investment opportunity. Investors seeking a strong cash flow and long-term appreciation will find this heritage-style home with a sizable lot well-suited to their needs.
Property Details
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