Multi-family for sale
2464 W 1st Avenue, Kitsilano, Vancouver
$5,795,000
Features
Year Built
1957
Floor Area
7,500 sqft
Lot Size
6,000 sqft
Gross Property Tax
$13,391.90 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Building / Complex Name
Villa Rena
Zoning
RM-4
# of Parking Spaces
4
Subject Property Width
50 ft
Subject Property Depth
120 ft
Amenities
Balconies, Laundry Facility
Suite Mix Information
10 x 1 ½
Financial Summary
$265,000
Description
Kitsilano Beach 11 unit walk up apartment building including Penthouse, only 2 blocks from Kits Beach and Pool. Panoramic views of the beach, mountains and city from the upper units and the Penthouse. 5 units including the Penthouse are presently untenanted, allowing you to choose your own tenants at current market rents. Potential 4% + CAP rate. This location is extremely desirable to renters and the ongoing expenses to you will be minimal. Well maintained. Units boast newer cabinets, double glazed vinyl windows (2012) with blinds, hardwood floors, modern fixtures and balconies. 4 parking spots off the back lane. Boiler replaced in 2010, Roof 2012, exterior paint 2023. Part of the rooftop is a shared deck for the tenants. Some of the units come furnished. One bedroom Penthouse with private deck (vacant), one bedroom and large den (vacant), three one bedrooms (vacant) and six one bedroom apartments rented. Earn a decent return now with huge potential in the future.
MLS® Number C8071142