Overview
Burlingame Apartments is a well maintained and updated 3-storey plus penthouse rental apartment block consisting of 20 suites. It is strategically located in Vancouver’s popular Kitsilano neighbourhood close to shopping, amenities, restaurants, bus transportation and Kits Beach. The property is improved on a large 100′ x 120′ lot and features storage, surface parking, attractive landscaping, an extensive list of renovations, and very large private patio decks on the main floor.
Location
Burlingame Apartments is situated on the south side of West 7th Avenue between Vine and Yew Streets in Kitsilano. It is strategically located between two major shopping corridors, only two block south of Broadway and 3 blocks north of 4th avenue; both offer various restaurants, cafés, amenities, shopping and bus transportation. Kitsilano 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.
Features
- 3 level wood frame apartment building featuring 20 suites
- Excellent Kitsilano location on a beautiful tree-lined street
- Penthouse suite with some views
- Stucco and tile exterior
- PowerSmart lighting in common areas
- 2 washers/dryers owned by building
- 8 large 1Br suites have balconies
- 3 ground oriented suites have large private patios
- Hardwood floors in suites
- Thermostat on radiators
- A no smoking, no pet building
- 2 separate storage areas totaling 20 lockers
- Separate parking stall converted to secured storage area
- 18 parking; 6 covered parking/12 surface parking
- Separate bike storage area
- Oil tank removed 15 years ago
Improvements
- Windows replaced (2002)
- Torch-on roof replaced (2009)
- Common area carpets replaced (2006)
- Irrigation system installed (2012)
- New fencing on east side (2012)
- New drainage system (2011)
- All bathrooms floor-to-ceiling tile and glass door enclosures
- 17 of 20 suites have had extensive upgrades
- New water tank (2010)
- 2 new state-of-the-art wall mounted boilers IBC (2010)
- Reinforced stone work in patio areas (2012)
- All appliances and overhead replaced last 10 years
- Piping original
Suite mix
No. units | Average rent | |
---|---|---|
Studio | No. units5 | Average rent936 |
Small One Bedroom | No. units4 | Average rent1,018 |
Large One Bedroom | No. units9 | Average rent1,091 |
Two Bedroom | No. units1 | Average rent1,835 |
Penthouse (1Br) | No. units1 | Average rent1,215 |
Financials
Financing | Treat clear as title. | |
---|---|---|
Assessment 2012 | Land Building Total | Land$3,553,000 Building$24,100 Total$3,577,100 |
Taxes 2012 | $14,421.72 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$264,216 Vacancy($1,057) Effective gross$263,159 Operating expenses(70,952) Net operating income$192,207 |
Notes | For a current rent roll & 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