$3,450,000
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7 Beds
4 Baths
2,699 SqFt
SOLD DATE : 05/16/2023
Key Details
Sold Price $3,450,000
Property Type Single Family Home
Sub Type House/Single Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,699 sqft
Price per Sqft $1,278
Subdivision Kitsilano
MLS Listing ID R2773366
Sold Date 05/16/23
Style Rancher/Bungalow w/Bsmt.
Bedrooms 7
Full Baths 4
Construction Status Old Timer
Abv Grd Liv Area 1,478
Total Fin. Sqft 2699
Year Built 1929
Annual Tax Amount $8,259
Tax Year 2022
Lot Size 5,599 Sqft
Acres 0.13
Property Description
This renovated 4-plex is situated in Kitsilano, one of the most highly sought-after neighbourhoods. The property consists of three legal suites and one separate one-bedroom unit, all of which are fully tenanted, providing immediate rental income. The property has been updated with modern features, making it an attractive option for potential tenants. It currently generates a yearly rental income of over $110,000, with ability to increase upon tenant vacancy. Additionally, the RT-7 zoning on the 5600 SQ FT corner lot, offers potential for future development opportunities, increasing its long-term value as an investment. The property''s location in a desirable area with easy access to transit and amenities. For those looking to expand their real estate portfolio, come check it out!
Location
Province BC
Community Kitsilano
Area Vancouver West
Zoning RT-7
Rooms
Other Rooms Dining Room
Basement Fully Finished
Kitchen 4
Interior
Interior Features ClthWsh/Dryr/Frdg/Stve/DW
Heating Forced Air, Natural Gas
Fireplaces Number 2
Fireplaces Type Natural Gas
Heat Source Forced Air, Natural Gas
Exterior
Exterior Feature Balcny(s) Patio(s) Dck(s), Fenced Yard
Garage Open
Roof Type Asphalt
Lot Frontage 51.0
Lot Depth 109.79
Parking Type Open
Total Parking Spaces 3
Building
Story 2
Water City/Municipal
Structure Type Frame - Wood
Construction Status Old Timer
Others
Tax ID 011-454-385
Energy Description Forced Air,Natural Gas
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