Overview
The Impala is a well maintained three storey 22-suite rental apartment building located in Vancouver’s Marpole neighbourhood. Improved on a 13,000 sq. ft. corner lot, the property features balconies/patios, lockers, storage, parking, hardwood floors and many upgrades.
Location
The Impala is located on the south west corner of Selkirk Street and West 71st in Marpole. A 15-minute walk to the new rapid transit “Marine Drive Station” Canada Line, linking Richmond and the airport with Vancouver via rapid transit.
Conveniently situated near shopping and retail amenities on Granville and Cambie Street with access to major bus routes (bus line on 70th and Oak). The subject is located only two blocks to Oak Street and within excellent proximity to the YVR and various higways to the US and Fraser Valley.
Features
– Rear surface parking for 10 cars
– Large laundry room features 2 new “Huebsch” washers and dryers and includes a bathroom and storage room
– All suites have hardwood floors and breakers
– Full lockers for all tenants
– Separate small workshop area
– Fans in kitchens/bathrooms
– Large well configured suites 19-1Br, 2-2Br, 1-2Br/Den
– Suites on north and west side have balconies
Upgrades
- Furnace replaced “Super Hot” (1996)
- 2 hot water tanks (2010 & 2011)
- New Hardy Board on building’s east side (2011)
- Torch on roof replaced (2000)
- Windows on east side replaced (2011)
- Building repainted (2011)
- 25% of suites have refinished hardwood floors (approx)
- 100% of suites have had appliances replaced last 10 years (approx)
- 75% of suites have received new tile in tub areas (approx)
- 25% of kitchen counter tops replaced (approx)
- 50% of kitchen floors replaced (approx)
Suite mix
No. units | Average rent | |
---|---|---|
One Bedroom | No. units19 | Average rent$784 |
Two Bedroom | No. units2 | Average rent$1,050 |
Two Bedroom & Den | No. units1 | Average rent$1,232 |
Financials
Financing | Treat as clear title. | |
---|---|---|
Assessment 2012 | Land Building Total | Land$2,424,000 Building$653,000 Total$3,077,000 |
Taxes 2011 | $11,951.73 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income224,556 Vacancy(2,246) Effective gross$222,310 Operating expenses(100,797) Net operating income$121,513 |
Notes | For 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