Overview
A beautifully maintained and updated nine-suite building located in a quiet area just minutes to Metrotown shopping and Skytrain. Ideal for owner/occupier or first time investor.
Location
This apartment complex is located on Dunblane Ave. corner of Grimmer Street in Burnaby’s Metrotown area, near the Metrotown Skytrain Station, prime Metrotown shopping area and Lobley Park.
Improvements
– Three-storey frame apartment with stucco/cedar trim
– Constructed in 1956
– Parking for nine cars
– Complete laundry and storage facilities
– Gas fired hot water heating system
– Floors are hardwood
Recent Upgrades
– New hall carpets
– Hardwood floors – some carpeted
– Double glazed windows in most suites
– Some newer appliances (as needed)
– Hotwater tank in 2001 (75 gallon)
– PowerSmart – halls
– New roof (partial 1997)
– Majority of piping renewed
– Washer/dryer (set)
– Parking lot paved (1995)
– New arborite splashes many suites
Suite mix
No. units | |
---|---|
1 Bedroom | No. units6 |
1 Bedroom + Den | No. units1 |
2 Bedroom | No. units1 |
2 Bedroom Penthouse | No. units1 |
Financials
Financing | None. | |
---|---|---|
Assessment 2002 | Land Building Total | Land$329,000 Building$248,000 Total$577,000 |
Taxes 2002 | $6,832.96 | |
Income and expenses | Gross income Operating expenses Net operating income | Gross income$79,953 Operating expenses(30,600) Net operating income$49,353 |
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