$2,000,000
$2,250,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,662 SqFt
SOLD DATE : 07/14/2023
Key Details
Sold Price $2,000,000
Property Type Single Family Home
Sub Type House/Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,662 sqft
Price per Sqft $546
Subdivision Strathcona
MLS Listing ID R2787307
Style 2 Storey
Bedrooms 8
Full Baths 4
Year Built 1901
Annual Tax Amount $4,584
Tax Year 2022
Lot Size 3,050 Sqft
Property Description
This Strathcona property is one-of-a-kind, boasting 4 units in 2 houses on a single lot. It presents a great investment opportunity, generating an impressive $120,000 in annual gross revenue and a net operating income exceeding $102,000. Excellent value, priced at a 4.5% Cap Rate. The property has undergone numerous upgrades, including metal roofs, extensive landscaping, complete renovations of 2 units with new kitchens and bathrooms, and newer gas fireplaces / heaters in all units. The tenants are exceptional and would prefer to stay. Each unit features 2 bedrooms or 2 bedrooms with a loft.
Location
Province BC
Community Strathcona
Area Vancouver East
Zoning RT-3
Rooms
Other Rooms Kitchen
Kitchen 4
Interior
Heating Electric, Natural Gas
Exterior
Exterior Feature Fenced Yard, Patio(s)
Garage None
Amenities Available In Suite Laundry, Shared Laundry
Roof Type Metal,Torch-On
Building
Story 2
Sewer Sanitation
Water City/Municipal
Structure Type Frame - Wood
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Bought with Sutton Centre Realty