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1626 W 10TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West) : MLS®# C8039783

1626 W 10TH Avenue Vancouver V6J 2A1 : Fairview VW

Main Photo: 1626 W 10TH Avenue in Vancouver: Fairview VW Multi-Family Commercial for sale (Vancouver West)  : MLS®# C8039783
$7,500,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8039783
Status:
Active
Build. Type:
Low Rise (2-4 stories)
The Catalpa - A Gorgeous 15 Suite, 3 Story Apartment Building located in the Heart of Vancouver's South Granville neighbourhood, 2 Blocks West of Granville on a quiet block of West 10th Ave. The 1961 Building is in excellent condition & sits on a South 50' x 125' RM-3 zoned lot. The licensed 15 Studio Suites, are all spacious, bright with Hardwood Floors, Balconies or Patios. Gross Income of approx. $218,400/yr from long term Tenants has considerable Rental upside. Steps to South Granville shopping, galleries, coffee shops, restaurants, banks, transportation, minutes to Downtown, UBC, Vancouver Airport. Only 2 blocks from the future Broadway/Granville transit subway station, the property is in an area of great future economic development & enhancement, but sheltered from its most disruptive aspects. Fantastic Investment - those wanting the Best Location, Condition, Ease of Management & Value should see this. Showing by Appointment Only COVID Rules, min 2 Day Notice. All Masked, must confirm. Call Bob Bracken 604 220-2035 for Showings, Info Pkg, All Details. Showing Tuesday August 24th starting at 10:30am must call Bob to confirm attendance.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Business Name:
The Catalpa
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix
# Units:
15
# Storeys:
3.0
Year built:
1961 (Age: 60)
Land Use/Zoning:
RM-3
Taxes:
$14,147.5 / 2021
Env Assmt Phase:
None
Cap Rate %:
1.7
Other Income:
$2,400
Effective Gross Income:
$218,964
Gross Income:
$216,000
Oper. Expenses:
$93,827
Net Operating Income:
$125,137
Original Price:
$7,500,000
Data was last updated September 19, 2021 at 06:10 PM (UTC)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.