Overview
A rare offering! The subject property is an attractive and exceptionally well maintained 6 unit, frame row townhouse complex located in the Maplewood neighborhood of North Vancouver. Each unit features three levels, 3 bedrooms and basement totaling 1800 sq. ft., 5 appliances, parking, in suite laundry and fenced back yard. Tenants pay for individual gas & electricity. Low maintenance property with many upgrades and improvements.
Location
The subject property is located in the District of North Vancouver, just off the Iron Workers Memorial Second Narrows Bridge between Dollarton Hwy. and Mt Seymour Pky. Close to shopping, restaurants, movies (Park & Tilford Centre) & transportation (bus loop).
Features
– 3 level row townhouse complex
– 3 bedroom, 1.5 bathrooms
– Brick, stucco & wood panel exterior
– Each suite has approx. 1200 sq. ft. on upper two floors & 600 sq. ft. high ceiling basement
– 15 parking stalls (2 stalls for each suite & 3 visitor parking)
– Each suite has balcony & fenced back yard
– Each suite has hot water tank & furnace (heat, hot water, electricity & cable paid by tenants).
– In suite washer/dryer, dishwasher
Recent Upgrades
All suites were completely renovated between 1993-1995 which included new kitchen and bathroom cabinets, appliances, sinks, toilets, tubs, new flooring and mini blinds. Three of the six units have entry hall tile in place of carpeting. The roof was replaced in 1993 (tar & gravel). The parking lot was paved and lines painted in 2003. Suite 2135 has new carpet, tile, hot water tank (2003); suite 2127 has new carpet & tile (2004) and hot water tank (2005) and suite 2129 has a new hot water tank (2004). All suites recently had furnaces serviced & duct cleaning and the water service line from the street to building was replaced (2005).
Suite mix
| No. units | |
|---|---|
| Three Level, 3 Bedroom T/H | No. units6 |
Financials
| Financing | Clear title | |
|---|---|---|
| Assessment 2006 | Land Building Total | Land$870,000 Building$226,000 Total$1,096,000 |
| Taxes 2005 | $5,906.00 | |
| Income and expenses | Gross income Less Vacancy 0.5% Effective gross 2005 Expenses Net operating income | Gross income$100,260 Vacancy(501) Effective gross$99,759 Operating expenses(21,858) Net operating income$77,901 |
| Notes | Income annualized as of April 2006. For a rent roll and 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
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