Overview
Totally renovated! Regent Manor is a wood frame, 11 unit, low-rise apartment building in outstanding condition located in Vancouver’s desirable South Granville neighborhood. Built in 1961, the property features balconies, parking, storage lockers, dishwashers and an excellent suite mix including a 2 level, 2 bath penthouse suite with a huge deck, in-suite laundry and panoramic views.
Location
The subject property is located in the heart of South Granville on the south side of 12th Avenue between Burrard and Granville Streets. Close to Vancouver General Hospital, shopping, cafes, bus transportation, schools, parks and Downtown Vancouver.
Improvements
– Three storey wood frame building
– 11 bright suites with excellent layouts, hardwood floors (all corner units)
– All suites have balconies or patios (except for small, ground floor 1 bedroom)
– Penthouse suite is a two level, two bath with balcony, large deck with views and in-suite laundry
– Original boiler in good working order
– Newer hot water tank
– 5 rear parking
– 11 storage lockers
– 1 washers/1 dryer leased from Coinamatic
– Windows are double-glazed in good condition (patio doors are single glazed)
– Suites have smoke/heat detectors
-Unit 100 is unauthorized
Renovations
All newly renovated in past 3 months
Common areas:
– Torch-on Roof
– Plumbing for entire building (hot/cold main lines and suites)
– Carpets
– Lighting
– Tile entry
– Mailboxes
– Baseboard moldings
– Paint (interior and exterior)
– Drain tiles redone
General to all suites:
– Refinished hardwood floors
– Plugs, switches, lighting, paint (interior & exterior)
– 2″ faux-wood blinds (no bending or breaking as w. cheaper 1″ aluminum)
Kitchens:
– Tile floors
– Stylish counters
– New sinks and faucets
– Maple kitchen cabinets
– Appliances – fridges, stoves, dishwashers, overhead fans
Bathrooms:
– Sinks
– Toilets
– Mirrors
– Re-glazed tubs
– Tile around tubs
Suite mix
| No. units | |
|---|---|
| Bachelor | No. units1 |
| One Bedroom | No. units8 |
| Two Bedroom | No. units2 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2006 | Land Building Total | Land$704,000 Building$836,000 Total$1,540,000 |
| Taxes 2006 | $8,293.39 | |
| Income and expenses | Gross income Less Vacancy 0.5% Effective gross Operating expenses Net operating income | Gross income$169,440 Vacancy(847) Effective gross$168,593 Operating expenses(36,873) Net operating income$131,720 |
| Notes | Income annualized as of September 2006. For rent roll and income & 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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