Barclay Apartments
1057 Barclay Street, Vancouver, BC
$4,000,000
Overview
Barclay Apartments is a 29 unit frame apartment building located in Vancouver’s West End. Built in 1955, the subject property features secure underground parking, hardwood floors & storage.
Location
Barclay Apartments is extraordinarily well located in the West End. While in a quiet area, it is only a few minutes walk to the City’s downtown core, transportation, shopping & YMCA, providing affordable accommodation to its tenants.
Features
– Nice landscaping and very attractive entrance
– Secured parking for 13 cars plus 4 surface parking
– Two washers/dryers – leased from Phelps
– All hardwood floors
– Locker area for 30 suites
– Large workshop
Recent Upgrades
The owners have replaced the roof, windows, and hot water tank. Piping and various suite upgrades including some appliances are still needed.
Suite mix
| No. units | |
|---|---|
| Bachelor (well configured, larger than average) | No. units29 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2005 | Land Building Total | Land$1,154,000 Building$1,442,000 Total$2,596,000 |
| Taxes 2005 | $14,920.64 | |
| Income and expenses | Gross income Less Vacancy 1.5% Effective gross Normalized Expenses ($3,100/suite) Net operating income | Gross income$227,679 Vacancy$3,415 Effective gross$224,264 Operating expenses$89,900 Net operating income$135,264 |
| Notes | Income annualized as of July 2005 | |
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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