604.362.2432

, Kitsilano, Vancouver West

$2,998,800

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, Kitsilano, Vancouver West
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Features

 
MLS®:R3113532
Type:Business
Bedrooms:13
Bathrooms:6
Square Feet:4,583 sqft
Lot Size:5,750 sqft
Frontage:50.00 ft
Full Baths:6
Half Baths:0
Taxes:$15575.4
 
Parking:Open, Lane Access (1)
Basement:Finished, Exterior Entry
Storeys:2 storeys
Year Built:1925
 

About this Property

 

"About this Business in Kitsilano, Vancouver West"

 

EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.

Listed by RE/MAX Crest Realty.

 
 

Vancouver, Fraser Valley and Chilliwack MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Sophia Chea for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

 

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