Overview
The subject property is a 934 sq. ft. strata retail unit located in prime Kitsilano (Yorkville) on West 1st Avenue & Burrard St., close to Bread Garden, Canadian Tire & Ron Zalko Fitness. Leased out until 2008. Amazing 7.1 cap rate on ask!
Summary
– Rental Income $1,886.75/month (annual $22,641 NNN)
– Lease rate: $24.25/sq. ft
– Rent escalation 2007-8 monthly rent $1912.75/month
– Strata fees $145.45/month
– One parking space available
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2005 | Land Building Total | Land$215,000 Building$60,000 Total$275,000 |
| Taxes 2005 | $6,273.68 | |
| Income and expenses | Net operating income | Net Operating Income$22,641.00 |
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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