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236 East 15th Street

North Vancouver

Apartment Building
8 Suites

SOLD $695,000

Overview

An eight-suite, two-storey frame apartment building in immaculate condition in prime central Lonsdale location, across from Lions Gate Hospital in North Vancouver.

Location

This apartment investment in the northside of the mid 200 Block of East 15th Street is located in North Vancouver’s Central Lonsdale, across the Lion’s Gate Hospital complex and minutes walk to superb shopping and transportation.

Improvements

– Two-storey frame apartment with stucco/brick trim
– Surface parking for six cars (approx.)
– Complete laundry facilities
– Gas-fired hot water heating system
– Floors are hardwood

Summary

Price$715,000
Units8
Price/Unit$89,375
Cap Rate5.6%
Year Built1956
Lot Size52 ft. x 143.5 ft.
ZoningRM-1
PID009-654-429
Sale Price$695,000
Sale Date07/10/2002

Suite Mix

 No. UnitsAvg. Sq. Ft.
One BedroomNo. Units7Avg. Sq. Ft.650 sq. ft.
Two BedroomNo. Units1Avg. Sq. Ft.850 sq. ft.

Financials

FinancingClear title.
Assessment 2002
Land
Building
Total
Land$522,000
Building$81,300
Total$603,300
Taxes 2002
$5,311.88
Income and Expenses
Gross Income
Operating Expenses
Net Operating Income
Gross Income$64,200
Operating Expenses(24,143)
Net Operating Income$40,057

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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