Osler Manor
8678 Osler Street, Vancouver
Apartment Building
15 Suites
SOLD $1,800,000
Overview
Osler Manor is a 15 unit low-rise apartment building in great condition located in Marpole. Built in 1959, the property features attractive landscaping, hardwood floors, storage lockers, balconies, parking and a penthouse suite with views. Rents significantly below market average.
Location
The subject property is located in Marpole on the east side of Osler St, 1/2 block south of West 70th Ave. and one block west of Oak St. Easy access to Richmond and YVR. Conveniently situated near shopping on Granville & Oak St. with access to major bus routes (bus line on 70th Avenue and Oak Street).
Improvements
– Beautifully landscaped
– Attractive lobby and entranceway (garden)
– 6 suites have balconies
– 8 rear parking stalls
– Full size lockers for all suites
– Hardwood floors (beautifully restored)
– Annunciator panel in meter room
– Penthouse suite with views
– 1 washer / 1 dryer leased from Engs
Recent Upgrades
– New hot water tank (October 2006)
– New roof, 2-ply (2006)
– Piping 75% replaced
– 3 suites have new windows
– New appliances and lino as required
– Newer intercom
Summary
Suite Mix
| No. Units | |
|---|---|
| Bachelor P/H | No. Units1 |
| One Bedroom | No. Units12 |
| Two Bedroom | No. Units12 |
Financials
| Financing | Clear title. | |
|---|---|---|
| Assessment 2006 | Land Building Total | Land$856,000 Building$423,000 Total$1,279,000 |
| Taxes 2006 | $6,943.14 | |
| Income and Expenses | Gross Income Less Vacancy 1.0% Effective Gross Operating Expenses Net Operating Income | Gross Income$123,384 Vacancy(1,234) Effective Gross$122,150 Operating Expenses(49,878) Net Operating Income$72,272 |
| Notes | Income annualized as of October 2006. For rent roll and income & expense statement, click here. | |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by HQ Commercial.
