Here is information on Bob's New Listing at 749 East 16th Ave Vancouver, located in popular Mount Pleasant. This is a High Quality, 1st Class, True Investment Property w Huge Income from 8 Self Contained Suites. Completely rebuilt from foundation in 2005, additional extensive renovations in 2006-2007, with bright Suites, great Tenants, low maintenance, sprinklered Building, minimal management required, zero vacancy. Some posted photos taken shortly after renovations.
Huge Income $9,416/mo, $112,992/yr, with Rental Upside (rent well below market). Cap Rate 5+%, GRM 15.5 X Earnings. Potential Income $12,700/mo, $152,400/yr, Potential Cap Rate 7%. Great Mount Pleasant location, close to Shopping, Restaurants, Transit, Parks, minutes to Main St & Downtown. Vancouver Walk Score 96, Transit Score 68, Bike Score 79. Great Opportunity to own a Quality Income Property with Great Cash Flow in a popular Vancouver neighbourhood. Great Investment, also Perfect for Non Profit Housing Societies. 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 $1,749,000. Showing Mon Dec 16 noon gone by 1:00pm by Appt. Offers if any, will be presented Mon Dec 16 after 5:00pm. Email all offers bob@bobbracken.comMore details
Here is information on Bob's New 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 8 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 3.4%. 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 and Build up to 4 - 6 Units 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 $3,679,000. Showing Wed Dec 18th @ 2:00pm by Appointment.More details
Here is information on Bob's New Listing The HIP-O Building at 406 Union Street Vancouver, a Cool 3 Storey plus Basement, Income Property 15 Units. Located in Trendy Strathcona, close to the new St Paul Hospital & Health Campus, minutes to Downtown, & near the Heart of Chinatown. This Historic Character Building is 4500 SF plus 1500 SF unfinished Basement. Suite Mix: Ground Floor 3 S/C Suites, 2nd & 3rd Floors Each with 6 Furnished Single Rooms with Sink Vanity, Murphy Bed. These Floors Each also have Modern Kitchen, 2 Bathrooms & Common Area. There is Coin Laundry, Bike Storage & Lockers for Rent in the 1500 SF Basement which is largely unused/available. 2 of the 12 Single Rooms are COV SRA Rental Rate Restricted, while the rest are Unrestricted Market Rentals including the 3 Ground Floor S/C Suites. The Excellent 15 Units Property has Huge Cashflow, Gross Income $17,916/mo, $214,992/yr, NOI $130,157/yr, Cap Rate 4.7%.
The 1910 Building retains lots of Character but is very upgraded, with redone Plumbing, Electrical, Floors, Roof, Kitchens & Baths. Property is Professionally managed, well maintained with Quality Tenants. This Property is an Excellent "Hands Off" Investment, or Great Non-Profit Housing Opportunity. Investors, Owner-Occupiers, Shared Ownership. Showings Preferred Fridays Afternoon with 2 Day Notice by Appointment, must confirm attendance. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan & viewings. Note: Seller will consider Vendor Take Back (VTB) 2nd Mortgage with Good Terms to Qualified Buyer. Showing Friday Oct 25th @ 11:00am by Appointment.More details
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
