Overview
Prime Kitsilano! Royal Manor is an exceptionally well maintained three storey plus penthouse apartment building located in Vancouver’s popular Kitsilano neighbourhood. Only one block south of Kits Beach, the property features 11 suites including a large split-level two-bedroom penthouse unit with partial views of English Bay and the North Shore Mountains.
Location
Royal Manor is situated on the south side of York Avenue between Arbutus and Yew Streets in prime Kitsilano. Only one block south of Cornwall Avenue, the waterfront “main drag” which runs parallel to popular Kitsilano Beach coastline and offers stunning views of English bay, the West End’s skyline and the North Shore Mountains. Within walking distance is Kits Beach Pool and Park, a seaside walkway that overlooks the Burrard Inlet, Kitsilano Yacht Club and Point Grey Private Hospital. Various, restaurants, caf�s, amenities and bus transportation are close by along Cornwall and Yew Street—only one block in either direction.
Kitsilano, especially north of 4th Avenue, is considered one of the most desirable locations in the City of Vancouver to live, with its numerous beaches, parks, recreation centres, retail amenities, movie theatre, cafes and its close proximity to Downtown Vancouver and UBC.
Highlights
- Well maintained 3-level plus penthouse wood frame building featuring 11 suites
- Massive two bedroom split-level totally renovated penthouse unit (approx. 1,600 sf) with large patio deck (approx. 1,000 sf) features partial mountain and water views
- Parking: 5 surface stalls at rear
- Laundry room: 1 washer/1 dryer and bike storage
- Five storage lockers
- New boiler (2012)
- Majority of suites have been nicely updated with breakers, remodelled kitchens, bathrooms, newer appliances
- Newer hallway carpets and lobby tastefully renovated with attractive slate flooring, maple walls, new mail boxes and intercom
- Stage 1 Environmental Report available
- Caretaker receives rent abatement in exchange for management duties
Suite mix
No. units | Average rent | |
---|---|---|
Bachelor | No. units1 | Average rent$950 |
One Bedroom | No. units8 | Average rent$1,119 |
Two Bedroom | No. units1 | Average rent$1,300 |
Two Bedroom PH | No. units1 | Average rent$2,400 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2013 | Land Building Total | Land$2,420,000 Building$488,000 Total$2,908,000 |
Taxes 2013 | $10,022.47 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$165,800 Vacancy(995) Effective gross$164,805 Operating expenses(44,037) Net operating income$120,768 |
Notes | For an income & expense statement, please 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