Description

Kitsilano 5 unit Investment Property on 50'x120' RT - 8 lot. This fully legal multi - family building contains 5 licensed self contained suites with separate entrances. Gross income $90,792 yearly plus $2,000 approx for coin laundry. Net 2.6% Cap rate with upside! Hold or develop into multiple strata units up to 0.75 FSR. This 4920 sq ft approx 4 level plus attached cottage is in good condition, well maintained with updates throughout including electrical and plumbing by same owner since 1980. Oil Tank removed 2009. Priced well below 2017 tax assessment. Telephone inquiries only. By appointment.

Taxes (2017): $9,264.77

Features

ClthWsh Dryr Frdg Stve DW Dishwasher Range Top Refrigerator