Overview
Marca Court is a 21 suite frame apartment building in good condition centrally located in Kitsilano with some excellent downtown & North Shore views. Features hardwood floors, secure underground parking and balconies.
Improvements
– Balconies or patios for each suite
– Hardwood floors
– 12 total parking stalls (6 secure U/P)
– 2 locker rooms, workshop & supply room
Recent Upgrades
– Newer intercom
– New furnace (1998)
– New hot water tank (2003)
– Torch on roof (1998)
– New hall carpets (2004)
– Lobby re-tiled with ceramic (2004)
– New wrought iron railings for stairwells (2004)
– Hallways, doors, laundry room and basement repainted (2004)
– New light fixtures in enterance way (2004)
– Installed baseboards in common area (2004)
– 10 bathrooms upgraded past 3-4 years
Suite mix
| No. units | |
|---|---|
| One Bedroom | No. units21 |
Financials
| Financing | Clear Title | |
|---|---|---|
| Assessment 2004 | Land Building Total | Land$1,351,000 Building$806,000 Total$2,157,000 |
| Taxes 2004 | $14,376 | |
| Income and expenses | Effective gross Operating expenses Net operating income | Effective gross$176,616 Operating expenses(75,399) Net operating income$101,216 |
| Notes | Financials include 12 month statement for 2004 and January 2005 rent roll. Please note that rents are approximately 20% below market based on the 2004 CMHC Rental Market Survey. Average Kitsilano 1Br rents are $850/month. Offers encouraged. 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 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
Gallery
