2594 Eton/275 North Penticton Street

Vancouver, BC

$1,599,000

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Price$1,599,000

Units7

Year built1902 & 1905

Lot size66' x 124'

ZoningC-1 (Commercial)

Cap rate3.8%

GIM22

PID010-907-505

Legal descriptionLot 869 DL HT LD 36 Except Plan 5457

Overview

Located at the corner of Eton and North Penticton Streets in East Vancouver are these rare two adjacent character gems built in 1902 & 1905. The corner light-drenched view apartment building boasts 5 suites (4 1br & 1- 1 br plus art studio suite). The adjacent craftsman house features a 1 bedroom suite on the main floor & basement and a 2 bedroom plus den suite on the 2nd & 3rd floors. The apartment building underwent a complete renovation in 1989 including monitored fire alarm system, new bathroom, kitchen cabinets & restored woodwork. Currently these character gems are designated Heritage B by the City of Vancouver. Many opportunities available including subdividing the lot and/or the possible inclusion of an infill house on the 10 parking spaces at the rear of this 66′ x 124′ C-1 zoned lot (Commercial). PRICE REDUCTION, NOW ASKING $1,599,000

Building Notes

-The gross building area is estimated as follows: Apartment building: 4,250 sq. ft. 3 Storey House: 2,630 sq. ft. -Heritage B status on both buildings (not “designated”, but on the City’s Heritage Registry) -Underground oil tank removed in 2003 -Coin

Description

For more information or to schedule a showing, please contact Lorne Goldman at 604.719.7677

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	No. units
1 Bedroom (part of apartment building)	No. units4
1 Bedroom plus art studio (part of apartment building)	No. units1
2 Bedroom + Den (part of 3 storey house)	No. units1
1 Bedroom (part of 3 storey house)	No. units1

Financials

Financing	Clear title
Assessment 2009	Land Building Total	Land$894,000 Building$416,000 Total$1,310,000
Taxes 2009	$5,830.89
Income and expenses	Effective gross Operating expenses Net operating income	Effective gross$80,556 Operating expenses-19,728 Net operating income$60,425
Notes	Annualized as of Nov. 2009

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.