1540 Burnaby Street, Vancouver
Carlton House is a clean and well maintained frame, 22 unit walk-up apartment building located in Vancouver’s popular West End. Built in 1967, the property features nice landscaping, 16 secure underground parking, storage lockers and double glazed windows. The property underwent a major upgrade in 1998.
The site is located between Nicola Street and Cardero Street in the West End District of Vancouver, only two blocks from the beach. Adjacent properties include both high-rise and low-rise rental and condo buildings. The West End has an excellent recreational and commercial base of specialty retail stores, offices and financial institutions along Davie Street, Burrard Street and Robson Street.
In 1998, a major upgrade of the suites and roof took place which included total upgrades in the bathrooms and kitchens. A new boiler and hot water tank were replaced in 2000.
|No. Units||Avg. Sq. Ft.|
|Bachelor||No. Units5||Avg. Sq. Ft.580 sq. ft.|
|One Bedroom||No. Units16||Avg. Sq. Ft.640 sq. ft.|
|Two Bedroom||No. Units1||Avg. Sq. Ft.800 sq. ft.|
|Financing||Treat as clear title.|
|Income and Expenses|
Net Operating Income
|Notes||Income annualized as of May 2007. Rents average only $1.28/sq. ft. On turn-over, we are of the opinion that rents can be increased significantly. For rent roll and 2006 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.