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Bel Aire Apartments

6356 East Boulevard, Vancouver

Apartment Building
11 suites

SOLD $4,710,000

Overview

The subject property is an upgraded and well maintained 11-suite three-storey apartment building located in the highly sought after affluent Kerrsidale neighbourhood of Vancouver.  

Location

The subject property is situated mid-block between West 48th and West 47th on East Boulevard in Vancouver’s prime Kerrisdale neighbourhood.  Walking distance to West 41st Avenue, considered one of the best upscale shopping districts in the City. Minutes to Point Grey & Magee High Schools, Maple Grove Park & Elementary School, bus transportation, restaurants, and Kerrisdale Community Centre.

Summary

Price$5,000,000
Units11
Storeys3
Price/Unit$454,545
Cap Rate1.9%
GIM35
Year Built1955
Lot Size6814 sq. ft.
ZoningC-2
PID014-009-749; 014-009-731
Sale Price$4,710,000
Sale Date08/13/2014

Suite Mix

 No. Units
BachelorNo. Units1
One BedroomNo. Units8
Two BedroomNo. Units2

Financials

FinancingTreat as clear title.
Assessment 2014
Land
Building
Total
Land$3,410,000
Building$18,100
Total$3,428,100
Taxes 2013
$10,972
2013 Income & Expenses
Effective Gross
Operating Expenses
Net Operating Income
Effective Gross$139,075
Operating Expenses(41,910)
Net Operating Income$97,195

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.

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