White Stone Manor
1497 Martin Street, White Rock
White Stone Manor is a clean, 21 unit, three storey frame apartment building located in White Rock. Features workshop, excellent suite mix, lockers, elevator, balconies, parking and many upgrades.
Located in White Rock, the subject property is situated on the west side of Martin Street, one half block south of North Bluff Rd. and one half block north of Thrift Avenue. North Bluff Rd. is the main east-west connector through the Semiahmoo Peninsula. Johnston Rd./152nd Street, which is the main north-south connector through Surrey and White Rock, is 2 blocks to the east (town centre). One block south of the Semiahmoo Centre – Save-On, Zellers, etc.
– partial Alcan siding, low maintenance
– separate workshop area
– 400 amp wiring
– hardwood floors
– 20 lockers
– 2 washers/2 dryers (owned by building)
– 20 parking stalls (4 covered)
– new 168 gallon hot water tank (2005)
– replaced stairwell carpets (2001)
– washers/dryers replaced (2005)
– all appliances replaced last 10 years
– aluminum banisters
– building exterior/interior painted (2001)
– new curtains (2000)
– new intercom (2005)
|Bachelor (unauthorized)||No. Units1|
|One Bedroom||No. Units14|
|Two Bedroom||No. Units5|
|Three Bedroom||No. Units1|
|Financing||A first mortgage held by Belmont Properties with an outstanding balance of approximately $1,535,000 at an interest rate of 5.75% per annum due February, 2016 with blended monthly P.I. payments of approx. $8,948.|
|Income and Expenses|
Less Vacancy 1%
Net Operating Income
|Notes||Income annualized as of February 2008.|
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.