The Royal

1848 W. 3rd Avenue, Vancouver

SOLD $5,275,000

Print options

Would you like to print the gallery images?

Yes No

Price$5,400,000

Units41

Year built1972

Lot size162.5 ft. X 120 ft.

ZoningRM-4

Price/unit$131,707

PID015-260-828

Legal descriptionLot E & 10 + 11 + W 1/2 12 BLK 237 DL 527 DIST 36 PL 590

Sale price$5,275,000

Sale date06/24/2004

Overview

The Royal is a 3 storey, 41 suite apartment building located in the heart of Kitsilano, minutes from shopping and Jericho Beach.

Improvements

Built in 1972, the subject property features an attractive brick and stucco exterior with balconies/patios, underground parking, elevator and in-suite storage for each suite. Tenants pay for electric heat.

Recent Upgrades

– Most stoves & fridges replaced last 6 years
– Roof repairs, $20,000 spent 10 years ago
– New intercom
– Piping renewal, $120,000 spent in 1999
– New domestic hot water boiler
– Balconies replaced
– Elevator motor rebuilt, $40,000 spent
– Carpets replaced as needed

Show less

	No. units
Bachelor	No. units12
One Bedroom	No. units28
Two Bedroom	No. units1

Financials

Financing	Clear Title.
Assessment 2004	Land Building Total	Land$2,530,000 Building$1,762,000 Total$4,292,000
Taxes 2003	$26,577.00
Income and expenses	Effective gross Expenses (32.8%) Net operating income	Effective gross$360,000 Operating expenses(118,377) Net operating income$241,623
Notes	2003 Statement.

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