1150 Bute Street

Vancouver

SOLD $3,455,000

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Price$3,600,000

Units13

Net rentable area9,675 sq. ft.

Year built1998

Price/unit$276,923

PID024-250-244

Legal descriptionLots 1-13 BLK 185 LD 36 PL LMS3464

Sale price$3,455,000

Sale date11/02/2005

Overview

The subject property is an 8 storey luxury concrete strata mid-rise located in Vancouver’s popular West End. Just a few minutes walk to Robson or Davie, grocery stores, downtown shopping, English Bay, Stanley Park and Granville Island Ferries.

Features

-Only two suites per floor, (14 suites)
-Sound resistant, concrete building
-4 appliances, including microwave oven, dishwasher, fridge & stove
-Hardwood Floors (living, dining, halls and bedrooms)
-Security intercom systems with two separate access codes in 2 BD suites
-2 bedroom suites have two full baths
-Views of English Bay
-Each suite has south-west or south-east exposure
-Secured, underground parking stalls & bike storage
-Storage lockers & in-suite storage space
-All suites have balconies
-Video security system
-High-speed Internet access
-Gym amenity room
-Baseboard heating (3 thermostats in ‘A’ suites)
-Bedroom doors are solid wood
-Aluminum ‘Thermobroken’ Windows
-Built-in bathroom vanities
-Maple Veneer Kitchen Cabinets
-Venetian Blinds
-Maple Hardwood Floors in all living areas and bedrooms
-Tiles in Baths and Kitchen
-Washer / Dryer in Basement
-Utilities, cable and internet access not included in rent

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	No. units	Average size
One Bedroom & Den	No. units6	Average size650
Two Bedroom	No. units7	Average size825
Studio	No. units1	Average size350

Financials

Financing	Clear title
Assessment 2005	Land Building Total	Land$889,000 Building$2,157,000 Total$3,046,000
Taxes 2005	$15,050.15
Income and expenses	Gross income Less Vacancy 2% Effective gross Operating expenses Net operating income	Gross income$224,760 Vacancy(4,495) Effective gross$220,265 Operating expenses(68,000) Net operating income$152,265
Notes	2005 Proforma

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