Prime Kits view property! Chelsea Vista is a 10-suite three-storey apartment building located just one block north of Kitsilano’s famed West 4th Avenue, just steps to Kits Beach waterfront, a mix of restaurants, retail and other everyday amenities.
Constructed in 1957, the building is improved on a 50’ x 120’ (6,000 SF) RM-4 zoned lot and features a suite mix of 10 one-bedrooms. Benefiting from a sloping lot, the units on the 2nd and 3rd floor have breathtaking views of Downtown Vancouver, the North Shore Mountains and English Bay.
Suites feature original parquet hardwood flooring with vinyl in the bathrooms and kitchens. Other building highlights include 5 surface parking stalls, tenant storage lockers, and 1 set of washer/dryer (owned).
The property is well maintained and has undergone numerous upgrades to both the suites and commons areas throughout the years:
- Newer exterior paint (2014)
- Roof replaced (2003)
- Plumbing updates – complete repiping throughout building (1999)
- Unit #201 updated with porcelain tile flooring in kitchen and bathroom along with a full kitchen remodel that features a dishwasher and subway tile backsplash (2019)
- Various suite upgrades over the last 17 years to kitchens and bathrooms
Chelsea Vista is situated one block north of Arbutus and West 4th Ave, just steps to Kits Beach waterfront and directly behind some the city’s most popular restaurants and retail. This location affords convenient access to public transit, along with quick access to UBC and Downtown Vancouver. Additionally, the property sits within an 8-minute walk to the future Arbutus Skytrain Station located on the corner of Arbutus and Broadway. The subway line is anticipated to commence service by 2025.
|No. units||Average size||Average rent|
|1 bedroom||No. units10||Average rent$1,487|
|Financing||Treat as clear title.|
|Income and expenses|
Net operating income
For a rent roll and expense statement, please contact listing agent.
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.