Overview
A seven-suite strata titled apartment building in excellent condition. 25 Garden Avenue is located in Grandview, close to shopping and transportation.
Building Description
The subject property is a three-storey frame building built in 1970. It has recently undergone a complete renovation. Each suite includes its own hot water tank. Tenants pay own heat (electric). There is a parking area behind the building for six cars.
Improvements
– New carpet and linoleum in suites
– Balconies refurbished
– New carpet in common areas
– Exterior painted
– New toilets
– All suites and common areas painted
– New bathtub surrounds
– New bathroom sinks
– New arborite
– Electrical updated
– New fridges, stoves and overhead fans
– New windows – double pane
– Plumbing upgrade
– New lighting fixtures in suites
Suite mix
| No. units | |
|---|---|
| One Bedroom | No. units3 |
| Two Bedroom | No. units4 |
Financials
| Financing | Treat as clear title. | |
|---|---|---|
| Assessment 2003 | Land Building Total | Land$100,000 Building$309,000 Total$409,000 |
| Taxes 2003 | $4,041.60 | |
| Income and expenses | Gross Income (inc. laundry) Less Vacancy 2% Effective gross Operating expenses Net operating income | Gross income$62,496 Vacancy$1,250 Effective gross$61,246 Operating expenses(17,716) Net operating income$43,530 |
| Notes | Income and Expenses for year 2003. | |
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
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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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