House for sale
2452 2492 Balsam Street, Kitsilano, Vancouver
$2,998,800
Features
Style
Two Storey
Year Built
1925
Floor Area
4,583 sqft
Lot Size
5,750 sqft
Lot Frontage
50 ft
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Window Features
Window Coverings
Exterior Features
Balcony
Community
Shopping Nearby
Parking Features
Open, Lane Access
Parking Spaces
1
Property Taxes
$15,575 (2025)
Description
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
MLS® Number R3114362