1917 East 1st Avenue, Vancouver
INVESTOR ALERT! Amazing opportunity with this Commercial Drive 5PLEX generating over $100K annually! Sitting on a 33x124.5 in the heart of The Drive and the newly adopted Grandview-Woodlands community plan. The entire building has been extensively renovated, from the interior of each suite to the mechanics to the brand new roof, making this home turn-key. All the suites are really nice meaning it could work great for co-owners, someone to live in one suite and collect revenue from the rest or savvy investors. Located in one of Vancouver's most sought-after communities with new zoning, offering huge future development potential while operating at an impressive 4.17% cap rate, this property makes for a sound investment!
Taxes (2017): $4,977.29