Overview
2376 West 43rd is a 9-suite three-storey apartment building located in the highly desirable Kerrisdale neighbourhood of Vancouver’s Westside. Built in 1954, the property is improved on an attractively landscaped 6,987 SF RM-3 zoned site with 58 feet of frontage.
The building is clean, well maintained and features oversized units and a balanced suite mix of 4 two-bedrooms, 4 one-bedrooms and one bachelor. Additional highlights include one set of owned washer/dryer, surface parking (4 stalls), full-sized storage lockers (8), and bike storage.
Building Upgrades
Notable updates over the years include:
- Hot water tank replacement (2022)
- Roof drainage pipe (2022)
- Window replacement (2009)
- Boiler upgrade (1995)
Location
2376 West 43rd is located in Kerrisdale in the heart of Vancouver’s affluent Westside, one of Canada’s most established and wealthy communities.
The subject is situated on the south side of West 43rd Avenue between Balsam and Vine Streets, only two blocks to both West Boulevard and West 41st Avenue, considered one of the best upscale high-end fashion and retail shopping districts in the City.
The property’s location also affords tenants convenient public transit options including an express RapidBus running along West 41st Avenue with connections to UBC, Oakridge and Joyce Skytrain Station. Additionally, it’s also within walking distance to Point Grey Secondary, Maple Grove Elementary and Kerrisdale Community Centre, and Vancouver’s famed Arbutus Corridor walkway, a 9 km stretch of walking and biking paths running north-south through the city’s Westside.
Suite mix
No. units | Average size | Average rent | |
---|---|---|---|
Bachelor | No. units1 | Average rent$1,326 | |
1 bedroom | No. units4 | Average rent$1,352 | |
2 bedroom | No. units4 | Average rent$2,151 |
Financials
Financing | Treat as clear title | |
---|---|---|
Assessment 2023 | Land Building Total | Land$3,528,000 Building$511,000 Total$4,039,000 |
Taxes 2023 | $11,429 | |
Income and expenses | Gross income Vacancy Effective gross Operating expenses Net operating income | Gross income$185,283 Vacancy(926) Effective gross$184,356 Operating expenses(50,851) Net operating income$133,505 |
Notes | For additional information, please contact listing agent. |
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
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3
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Contact
Mark Goodman
Personal Real Estate Corporation
mark@goodmanreport.com
(604) 714 4790
Ian Brackett
Goodman Commercial Inc.
560–2608 Granville St
Vancouver, BC V6H 3V3