The Royal is a 3 storey, 41 suite apartment building located in the heart of Kitsilano, minutes from shopping and Jericho Beach.
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.
– 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
|One Bedroom||No. units28|
|Two Bedroom||No. units1|
|Income and expenses|
Net operating income
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.