Here is information on Bob Bracken’s New Listing at 434 West 17th Ave Vancouver, located in a Prime Cambie neighbourhood, on a nice Tree-lined Street. This is a Huge Legal 4 Unit Income Property in Excellent condition with Many Updates; Exterior Paint 2019, Newer Roof/Gutters 2023, Repaired, Replaced Stucco & Siding, Updated Electrical & New Furnace & H/W Tanks 2022, Renovated Bathrooms & More! A Character Craftsman, 4 Level, 4010 SF House with 4 Bright, Stylish Legal Suites: Top Floor: Cool, 595 SF 1 Bdrm Suite w French Doors, Deck rents @ $2150/mo. 2nd Floor: 2 Cozy, 1 Bdrm s/c Suites (500+ SF each) rent $2250/mo & $1600/mo. Main & Down: Huge Owner's 2 Level Suite 1850+ SF, 4 Bdrm & Den, 2 Bath, w Family room, Laundry - estimate rent $5000/mo. Gross Income $11,700/mo, $140,400/yr, w Rental Upside. Cap Rate 3.6%. Big 2 Car Garage used as Office/Workshop w 2 piece Bath, rent $600/mo. Separate shared coined Laundry for Tenants income $100/mo.
Sits on a Larger South 33' X 137.5' R1-1 Lot with Private fenced yard. Quality property for Investors, Owner-Occupiers, or Shared Ownership with lots of Mortgage help. A Family could live on the Main/Lower Unit & collect $6600+/mo in Mortgage Help. Located in hot Cambie neighbourhood, steps to Shopping, Restaurants, Transit, Canada Line Station, minutes to Downtown. Vancouver Walk Score 98, Transit Score 71, Bike Score 96. Exceptional value. Showing by Appointment with 2 Day Notice, must confirm attendance. Call Bob Bracken at 604-220-2035 for Info Pkg, Floor Plan, and Viewing. Showing Sat Dec 23rd @ 3:00pm by Appointment Only. Asking Price $3,180,000.
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