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.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys)
# Units Total:
9
# Other Units:
0
# of Apartments:
9
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
9
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1958
(Age: 67)
Living Area:
6,212 sq. ft.577 m2
Subject Property Depth:
122'37.2 m
Subject Property Width:
50'15.2 m
Lot Area:
6,098.4 sq. ft.567 m2
Acres Freehold:
6,098 sq. ft.567 m2
Electricity:
No
Sewer:
Public Sewer
Parcel Number:
014999285
Taxes:
$9,971.81 /
2024
No
Water Supply:
Public
Water Rights:
No
Env Assmt Phase:
No
View of side of property with a balcony and stucco siding
Carpeted foyer with a baseboard radiator, baseboards, mail area, and a textured ceiling
Living room with a baseboard heating unit, wood finished floors, healthy amount of natural light, and a textured ceiling
Dining area with a baseboard heating unit, a textured ceiling, and light wood-style flooring
Dining room featuring light wood finished floors and baseboards
Office with light wood finished floors, a textured ceiling, and baseboards
Kitchen with a sink, appliances with stainless steel finishes, dark countertops, white cabinets, and light wood-type flooring
Bedroom featuring baseboard heating, wood finished floors, and a textured ceiling
Bedroom featuring light wood-style flooring and a closet
Full bath with a stall shower, vanity, and toilet
Bathroom featuring a shower stall and vanity
Living area with plenty of natural light, baseboard heating, and wood finished floors
Living area with a textured ceiling, healthy amount of natural light, and light wood-style floors
Dining space featuring wood finished floors and a baseboard heating unit
Office space with light wood-type flooring, a textured ceiling, and baseboards
Kitchen featuring stainless steel appliances, a sink, white cabinets, backsplash, and dark countertops
Bedroom with wood finished floors, a textured ceiling, and a baseboard heating unit
Bedroom featuring wood finished floors, a closet, and baseboards
Bathroom featuring toilet, a shower stall, and vanity
Living area featuring light wood-style flooring and baseboards
Dining room featuring light wood-type flooring and baseboards
Kitchen featuring stainless steel appliances, dark countertops, a breakfast bar area, tasteful backsplash, and white cabinets
Kitchen with appliances with stainless steel finishes, dark countertops, white cabinets, a peninsula, and light wood-style flooring
Kitchen featuring appliances with stainless steel finishes, a sink, dark countertops, white cabinets, and a kitchen breakfast bar
Kitchen with appliances with stainless steel finishes, a sink, white cabinetry, and dark countertops
Kitchen with stainless steel appliances, a sink, light wood-type flooring, backsplash, and white cabinetry
Bathroom featuring vanity, a shower stall, and toilet
Bedroom featuring wood finished floors, baseboards, and an office area
View of balcony
Balcony with a residential view and a mountain view
Mountain view
Mountain view
View of property exterior with fence, a security system, and a balcony
View of balcony
Utilities featuring water heater
Utility room with electric panel and electric meter