Sold

2023 West 7th Avenue

Vancouver

Apartment Building
10 Suites

SOLD $1,400,000

Overview

The subject property is a three storey frame building with 10 spacious suites located in Upper Kitsilano.

Location

Upper Kitsilano in a very quiet neighbourhood. The subject is close to transportation, shopping, parks and Kitsilano Beach.

Improvements

A three storey frame building with 10 spacious suites. The building is well maintained and shows very well. The roof is tar and gravel and the heat is supplied by a gas fired boiler. There is on site parking as well as adequate street parking. Note: Large two bedroom is ideal for owner/occupier.

Summary

Price$1,460,000
Units10
Price/Unit$146,000
Cap Rate4.5%
ZoningRM-4
Sale Price$1,400,000
Sale Date01/01/2004

Financials

FinancingTreat as clear title.
Income and Expenses
Gross Income
Estimated Expenses
Net Operating Income
Gross Income$92,439
Operating Expenses(26,836)
Net Operating Income$65,603
NotesProjected Income 2004.

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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