Description

A golden investment opportunity in the most sought after Fairview /South Granville location! Over 7500 s.f. solid, well maintained one of a kind rooming house situated on a huge 6700 s.f. RT-2 zoned lot. Property contains 14 legal rental rooms and one large legal suite. The property has many mechanical upgrades including electrcial, plumbing , heating and more. High income and low expenses with approx. $180K to $200K annual income with cap rate over 5%! (seller currently occupies the entire top floor).Rare opportunity to operate as is or convert to another housing option. Within close proximity to all amenities and transit with a WalkScore of 78! School Catchment: Emily Carr Elementary & Eric Hamber Secondary. Walking distance to the Future Skytrain station of the Broadway Subway Project.

Taxes (2020): $10,449.40

Amenities

Bike Room Shared Laundry Storage

Features

ClthWsh Dryr Frdg Stve DW Drapes Window Coverings Smoke Alarm
MLS Reciprocity

Listed By: RE/MAX Real Estate Services

Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.