Overview
Constructed in 1950, Westview Apartments is a 20-suite three storey plus penthouse wood-framed apartment building located in Vancouver’ s popular West End District. The subject features an excellent suite mix (9-2Br; 7-1Br & 4 bach). There is a large underutilized ground floor which contain lockers, furnace room, electrical and laundry facilities. Situated on the north-east corner of Burnaby and Thurlow Streets, the subject is only 3 blocks to English Bay and minutes to parks, recreation centres and retail amenities/restaurants along Davie Street.
Suite mix
| No. units | |
|---|---|
| Bachelor | No. units4 |
| One Bedroom | No. units7 |
| Two Bedroom | No. units8 |
| Two Bedroom P/H | No. units1 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2009 | Land Building Total | Land$3,287,000 Building$428,000 Total$3,715,000 |
| Taxes 2009 | $14,753.29 | |
| Income and expenses | Gross income Less Vacancy Effective gross Normalized Expenses Net operating income | Gross income$213,720 Vacancy(1,051) Effective gross$212,669 Operating expenses(78,225) Net operating income134,444 |
| Notes | Income anualized as of October 2009. | |
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
Mortgage calculator
Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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