Here is New Information - New Asking Price - for Bob Bracken's Listing at 1072 East 55th Ave Vancouver, located in the midst of vibrant South Vancouver, in a quality neighbourhood of many Newer Homes. This is a Character 4 Unit Income Property, 3 Levels, 2922 SF, on a 33’X110’ R1-1 Lot with Lane. The House is in Good Condition with Updates to Kitchens, Baths, Electrical, Plumbing. Good Tenants with no vacancies.
Gross Income $5,903/mo, $70,836/yr, Cap Rate 3.7%, well below Market. Potential Gross Income $7,700/mo, $92,400/yr, Potential Cap Rate 5%. Suite Mix: 1 X 3 Bdrm Unit, 1 X 2 Bdrm + Den Unit, 1 X 1 Bdrm + Den Unit & 1 X Studio Unit.
Top Floor: Ample 720 SF 1 Bdrm + Den, 1 Bath, Good Size Bdrm, Bright Living Room, nice Kitchen leading to Den/Office & Rear Door, Rent $1,135/mo. Main Floor: Spacious 1050 SF 3 Bdrm, 1 Bath with H/W Floors, Big Rooms, lots of Window/lights, Rent $1,766/mo. Also Shared Coined Laundry at the rear of the Main Floor, accessible by All Tenants & provides $200/mo Laundry Income. Lower Floor: has 2 Suites: a Big 700 SF, 2 Bdrm + Den, 1 Bath, Big Rooms, Good Ceiling Height, Separate Entrance, Rent $1,215/mo. Plus Cozy 325 SF Studio, Self-Contained, Separate Entrance, Rent $937/mo. Lower Floor also includes a Mechanical Room containing Boiler, 4 Electric Meters & 4 Hot Water Tanks (1 for Laundry).
There are 3 Separate Gas Meters at the side of the House. The rear Yard is a decent size. Also at the Rear of the property is a Big Double Garage with 2 Separate Individual Bays, Each with its own Entrances, Garage Doors & Electrical Power, Rent $650/mo ($300 & $350). Plus an Additional Open Rear Parking Space.
The Location is a Great South Vancouver Residential neighbourhood that has undergone many newer Home changes over the years. Close to Restaurants, Shopping, Coffee Houses, Parks, Transit. Close to Great Schools, Langara College. Vancouver Walk Score 72, Transit Score 59, Bike Score 61.
For Investors this is a Great Investment Property, no vacancies. Also Perfect for Owner Occupiers & Extended Families wanting lots of Accommodation & Mortgage help. For Builders, Great Building Site for New Home with Laneway House. All Showings by Appointment w 2 Day Notice, MUST CONFIRM ATTENDANCE. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Showing Mon Dec 1 @ 11:00am by Appointment must confirm, Call Bob Bracken 604-220-2035 to Attend. Great Opportunity! New Asking Price $1,598,000!More details
Here is New Information - New Asking Price - for Bob Bracken's Listing at 1072 East 55th Ave Vancouver, located in the midst of vibrant South Vancouver, in a quality neighbourhood of many Newer Homes. This is a Character 4 Unit Income Property, 3 Levels, 2922 SF, on a 33’X110’ R1-1 Lot with Lane. The House is in Good Condition with Updates to Kitchens, Baths, Electrical, Plumbing. Good Tenants with no vacancies.
Gross Income $5,903/mo, $70,836/yr, Cap Rate 3.7%, well below Market. Potential Gross Income $7,700/mo, $92,400/yr, Potential Cap Rate 5%. Suite Mix: 1 X 3 Bdrm Unit, 1 X 2 Bdrm + Den Unit, 1 X 1 Bdrm + Den Unit & 1 X Studio Unit.
Top Floor: Ample 720 SF 1 Bdrm + Den, 1 Bath, Good Size Bdrm, Bright Living Room, nice Kitchen leading to Den/Office & Rear Door, Rent $1,135/mo. Main Floor: Spacious 1050 SF 3 Bdrm, 1 Bath with H/W Floors, Big Rooms, lots of Window/lights, Rent $1,766/mo. Also Shared Coined Laundry at the rear of the Main Floor, accessible by All Tenants & provides $200/mo Laundry Income. Lower Floor: has 2 Suites: a Big 700 SF, 2 Bdrm + Den, 1 Bath, Big Rooms, Good Ceiling Height, Separate Entrance, Rent $1,215/mo. Plus Cozy 325 SF Studio, Self-Contained, Separate Entrance, Rent $937/mo. Lower Floor also includes a Mechanical Room containing Boiler, 4 Electric Meters & 4 Hot Water Tanks (1 for Laundry).
There are 3 Separate Gas Meters at the side of the House. The rear Yard is a decent size. Also at the Rear of the property is a Big Double Garage with 2 Separate Individual Bays, Each with its own Entrances, Garage Doors & Electrical Power, Rent $650/mo ($300 & $350). Plus an Additional Open Rear Parking Space.
The Location is a Great South Vancouver Residential neighbourhood that has undergone many newer Home changes over the years. Close to Restaurants, Shopping, Coffee Houses, Parks, Transit. Close to Great Schools, Langara College. Vancouver Walk Score 72, Transit Score 59, Bike Score 61.
For Investors this is a Great Investment Property, no vacancies. Also Perfect for Owner Occupiers & Extended Families wanting lots of Accommodation & Mortgage help. For Builders, Great Building Site for New Home with Laneway House. All Showings by Appointment w 2 Day Notice, MUST CONFIRM ATTENDANCE. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Showing Mon Dec 1 @ 11:00am by Appointment must confirm, Call Bob Bracken 604-220-2035 to Attend. Great Opportunity! New Asking Price $1,598,000!More details
Here is New Information - New Price - on Bob Bracken's Listing at 1332 E 2nd Ave Vancouver, located blocks from popular Commercial Drive. This is a Commercial Drive Old Timer 2 Level Duplex Income Property with an unfinished Basement on 31’ X 124’ South Corner RM-4 lot, w Rear & Side Lane Access. The House is 2301 SF, 3 Levels with Suite Mix: Upper Floor 762 SF 2 Bdrm Suite. Main Floor 856 SF 2 Bdrm Suite. The Basement is Unfinished 700 SF approx area with ok ceiling height and a separate Side Entrance connected to the Main Floor. Big Yard backs onto Lane. House & Suites in original condition, need work.
This is a perfect simple renovation project to restore/make a great Duplex for rental/combined Ownership, or reversion to a Single Family residence with Suite & possible Laneway House. Potential for Assembly w adjacent 2 properties to create a site with 99’ frontage. Environmental Assessment done.
Great Location, 4 Blocks to "The Drive" with cool shopping, restaurants, coffee houses. Close to transit, parks, schools, mins to Downtown. Vancouver Walk Score 96, Transit Score 75, Bike Score 78. Investors, Owner-Occupiers, Shared Ownership, Renovators, Developers. Lots of Opportunity: Restore to its once Glory, or or Build New House & Laneway House or potential Assembly w RM-4 Zoning. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Motivated Seller, Affordable New Asking Price $1,298,000 - Below Assessment by $506,000! Showing by Appointment w 2 day notice. Showing Sun Nov 23 @ noon by Appointment Call Bob To Attend.More details
Here is New Information - New Price - on Bob Bracken's Listing at 1332 E 2nd Ave Vancouver, located blocks from popular Commercial Drive. This is a Commercial Drive Old Timer 2 Level Duplex Income Property with an unfinished Basement on 31’ X 124’ South Corner RM-4 lot, w Rear & Side Lane Access. The House is 2301 SF, 3 Levels with Suite Mix: Upper Floor 762 SF 2 Bdrm Suite. Main Floor 856 SF 2 Bdrm Suite. The Basement is Unfinished 700 SF approx area with ok ceiling height and a separate Side Entrance connected to the Main Floor. Big Yard backs onto Lane. House & Suites in original condition, need work.
This is a perfect simple renovation project to restore/make a great Duplex for rental/combined Ownership, or reversion to a Single Family residence with Suite & possible Laneway House. Potential for Assembly w adjacent 2 properties to create a site with 99’ frontage. Environmental Assessment done.
Great Location, 4 Blocks to "The Drive" with cool shopping, restaurants, coffee houses. Close to transit, parks, schools, mins to Downtown. Vancouver Walk Score 96, Transit Score 75, Bike Score 78. Investors, Owner-Occupiers, Shared Ownership, Renovators, Developers. Lots of Opportunity: Restore to its once Glory, or or Build New House & Laneway House or potential Assembly w RM-4 Zoning. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Motivated Seller, Affordable New Asking Price $1,298,000 - Below Assessment by $506,000! Showing by Appointment w 2 day notice. Showing Sun Nov 23 @ noon by Appointment Call Bob To Attend.More details
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
