$4,150,000
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 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.
Listed by Stilhavn Real Estate Services.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Julia Freeman for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
| MLS®: | R3060359 |
| Type: | Business |
| Bedrooms: | 9 |
| Bathrooms: | 9 |
| Square Feet: | 6,216 sqft |
| Lot Size: | 6,100 sqft |
| Frontage: | 50.00 ft |
| Full Baths: | 9 |
| Half Baths: | 0 |
| Taxes: | $11443 |
| Parking: | Open, Rear Access (5) |
| View: | Mountain |
| Basement: | None |
| Storeys: | 3 storeys |
| Year Built: | 1965 |
| Style: | 3 Storey |