Built in 1966, the subject property is a 9 suite frame apartment building located in Kitsilano on West 5th Ave., between Maple St. & Arbutus St. Five blocks to Kits Beach and close to public transportation, shops & restaurants.
The subject property is a 3 storey wood frame building with stucco exterior and a newer torch-on roof. It is heated by a gas fired boiler replaced in 2003 with a newer commercial “quick recovery” hot water tank. The foyer is slate and the hallways feature newer commercial grade carpets. Three suites have been recently renovated and the remaining six suites are in average condition rented below market. Suites have hardwood floors, balconies/private yards and many newer stoves & fridges. Laundry machines owned by building. Parking for 5 cars.
|Bachelor (unauthorized)||No. units1|
|One Bedroom||No. units7|
|Two Bedroom||No. units1|
|Income and expenses|
Net operating income
|Notes||Please note that expenses do not include repairs & maintenance, vacancy allowance, property management or caretaker.|
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.