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. Open House Sun Apr 5, 1:30 pm - 3:30 pm (id:4069)
Address
2223 E 8TH AVENUE
List Price
$1,948,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Vancouver
Bedrooms
5
Bathrooms
4
Floor Area
2,575 Sq. Ft.
Lot Size
4026 Sq. Ft.
Year Built
1912
MLS® Number
R3103008
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Unknown (Unknown)
Postal Code
V6B1A8
Site Influences
Shopping, View
Features
Central location
Amenities
Shared Laundry
Open Houses
- April 05, 1:30 PM - 3:30 PM