Here is information on Bob Bracken’s New Listing at 2556 West 4th Ave Vancouver. This is a Kitsilano Quality, Updated, 3 Level Walk-Up Apartment Building located on South side of W 4th Ave between Larch & Trafalgar on a 50’ X 101’ RM-4 Lot. The Bldg contains 11 Suites: 5 Bachelor, 4 X 1 Bdrm, 1 X 1 Bdrm & Den, 1 X 2 Bdrm Units. Great Tenants, Zero Vacancy, Coin Laundry, Each Suite has Separate Meters. There are also 3 Separate Garages with added electricity & drywalled, all Rented. The Bldg has many updates including electrical, washer/dryer, furnace, roof, exterior paint. 9 of the Suites have been renovated including new floors, kitchens, bathrooms, appliances. Great Cashflow, Gross Income $20,915/mo, $250,980/yr, Cap Rate 4.2% with upside & some of the larger bachelors could be converted to 1 Bedrooms. Potential Gross Income $23,044/mo, $276,528/yr, Potential Cap Rate 4.7%.
Prime Kitsilano location steps to W 4th & W Broadway shops, markets, coffee shops, restaurants, banks, retail & services, transportation, minutes to Downtown & UBC. Blocks to Vancouver Famous Kitsilano & Jericho Beaches. Vancouver Walk Score 66, Transit Score 72, Bike Score 85. This property is a 1st Class Investment, for those wanting Best Location, Excellent Condition, Ease of Management & Value should see this. Investors, Owner-Occupiers, Shared Ownership. Showings with 2 Day Notice by Appointment, must confirm attendance. Call Bob at 604-220-2035 for All Details, Info Pkg, Floor Plan & Viewings. Asking Price $4,980,000. Phase 1 Environmental Report Successfully completed. Showing Fri June 27th @ 1:00pm BY APPOINTMENT, please call Bob if you wish to attend.More details
Here is Information on Bob's Listing at 3346 - 3350 West 10th Ave Vancouver, located in the Heart of Fabulous Kitsilano. This is a Big Character Multi Suite Home - Plus a 1030 SF Luxury Laneway House - with Huge Income on a big 50'x122' R1-1 South Lot. Main House (3346 W 10th) is 2750 SF on 3 Levels with 4 Self Contained Suites: Top Floor: 2 Bdrms Suite @ $2,100/mo. Main Floor: (Owner's) Character 2 Bdrms Suite with big living room, dining, kitchen & 200 SF deck, $3,250/mo (estimate). Ground Floor: 2 cute Studios @ $1,295/mo & $1,480/mo. Rear: Luxury Laneway House 9 years old (3350 W 10th) 1030 SF on 2 Levels, with 3 Bdrms, 2 Full Baths, top quality finishing, appliances, rented $4,450/mo (comes furnished & equipped), potential Airbnb. Total Income $12,575/mo, $150,900/yr with Rental Upside. Cap Rate 3.7%. There is also open, secure 2 car tandem parking in the rear. Note Live in Main Suite & collect $9,325/mo or Live in Laneway House & collect $8,125/mo.
Superb location, steps to transit & West Broadway shopping, restaurants, parks & schools, blocks to Famous Kitsilano & Jericho Beaches, mins to UBC & Downtown. Vancouver Walk Score 82, Transit Score 70, Bike Score 90. Investors: This is a 1st Class Turnkey Investment Property with Huge Income from 2 Kitsilano Houses (total 3753 SF). It is also perfect for Owner-Occupiers, Family, Extended Family, & Shared Ownership wanting lots of Accommodation & Mortgage help. For Developers: the property is in the path of Future Development, with the New R1-1 Zoning potentially allowing as many as 6 - 8 Units on the 6100 SF South lot or keep the Laneway House & Reno Main Hse or Build New Hse in the front of the property. Showing by Appointment with 2 Day Notice, must confirm attendance. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, Viewing. Asking Price $3,388,000 Below Assessment! Showing Wed July 2 @ 2:30pm by Appointment, please call Bob if you wish to attend.More details
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