Fantastic opportunity to own a piece of Kitsilano’s history. This charming heritage home, built in 1912 and one of 6 on the street, is located in one of the most prime pockets of town. Just steps to the beach, restaurants, cafes, gyms and yoga studios, plus a short walk/bike to downtown, a car is truly optional here. The home itself has been lovingly updated and maintained over the years. It is currently set up with 4 legal suites, with business license in place, producing $82,800 in gross monthly rents with a cap rate just over 3%. Current market rents would push potential closer to $100k/year in gross rents. Great holding property with future development and assembly opportunities. Also tons of potential to restore to a single family home with rental suite. Showings by appointment only.
Address
1953 West 1st Avenue, Vancouver BC
List Price
$2,170,000
Sold Date
04/11/2020
Type of Dwelling
House/Single Family
Area
Vancouver West
Sub-Area
Kitsilano
Bedrooms
7
Bathrooms
6
Floor Area
2,943 Sq. Ft.
Lot Size
3000 Sq. Ft.
Year Built
1912
MLS® Number
r2512562
Listing Brokerage
Stilhavn Real Estate Services