236 East 15th Street

North Vancouver

SOLD $695,000

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Price$715,000

Units8

Year built1956

Lot size52 ft. x 143.5 ft.

ZoningRM-1

Price/unit$89,375

Cap rate5.6%

PID009-654-429

Legal descriptionLot B, DL 549, Blk 32, Dist. 37, Plan 9444

Sale price$695,000

Sale date07/10/2002

Overview

An eight-suite, two-storey frame apartment building in immaculate condition in prime central Lonsdale location, across from Lions Gate Hospital in North Vancouver.

Location

This apartment investment in the northside of the mid 200 Block of East 15th Street is located in North Vancouver’s Central Lonsdale, across the Lion’s Gate Hospital complex and minutes walk to superb shopping and transportation.

Improvements

– Two-storey frame apartment with stucco/brick trim
– Surface parking for six cars (approx.)
– Complete laundry facilities
– Gas-fired hot water heating system
– Floors are hardwood

Show less

	No. units	Average size
One Bedroom	No. units7	Average size650 sq. ft.
Two Bedroom	No. units1	Average size850 sq. ft.

Financials

Financing	Clear title.
Assessment 2002	Land Building Total	Land$522,000 Building$81,300 Total$603,300
Taxes 2002	$5,311.88
Income and expenses	Gross income Operating expenses Net operating income	Gross income$64,200 Operating expenses(24,143) Net operating income$40,057

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.