Prop. Type:
Residential Income
Exceptional investment opportunity in the heart of East Vancouver’s sought after Commercial Drive neighborhood. This 3 level walk-up apartment building features 9 modern 1 bedroom units, each with private outdoor space, dishwashers and in-suite laundry. The units have all been recently and tastefully updated, including flooring, kitchens and bathrooms. Set on a large 50' x 122' lot, the building is in excellent condition with low tenant turnover. Unbeatable location on a quiet tree-lined street just steps to restaurants, shops, transit and bike routes, with easy access to downtown and the new St. Paul’s Hospital. This is a fantastic, turnkey revenue property with a solid cap rate in one of the city’s most popular, high demand areas.
General Info:
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
3 Storey, Three Or More Levels
Ownership:
Freehold NonStrata
Manufactured Type:
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Year built:
1965
(Age: 60)
Living Area:
6,216 sq. ft. 577 m2
Floor Area - Unfinished:
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Floor Area - Detached 2nd Residence:
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Building Area - Total:
6,216 sq. ft. 577 m2
Levels:
Three Or More
Rainscreen:
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Bedrooms:
9
(Above Grd: 9)
Bathrooms:
9.0
(Full:9/Half:0)
Kitchens:
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Rooms:
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Taxes:
$9,971.81 /
2024
Lot Area:
6,100 sq. ft. 567 m2
Lot Frontage:
50' 15.2 m
Lot Details:
50 x 122
Exposure / Faces:
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Rear Yard Exposure:
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Outdoor Area:
Balcony
Pad Rental:
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# or % of Rentals Allowed:
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Water Supply:
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Plan:
VAP1067, 1771
Additional Info:
Name of Complex/Subdivision:
The Drive
Construction Materials:
Frame Wood, Mixed (Exterior)
Foundation:
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Basement:
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Full Height:
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Crawl Height:
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Roof:
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No. Floor Levels:
3.0
Floor Finish:
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Floor Area Fin - Above Grade:
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Floor Area Fin - Above Main:
2,072 sq. ft. 192 m2
Floor Area Fin - Above Main 2:
2,072 sq. ft. 192 m2
Floor Area Fin - Main:
2,072 sq. ft. 192 m2
Floor Area Fin - Below Main:
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Floor Area Fin - Below Grade:
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Floor Area Fin - Basement:
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Floor Area Fin - Total:
6,216 sq. ft. 577 m2
Heating:
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Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Rear Access
Parking:
Open
# Of Parking Spaces - Total:
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# Of Covered Spaces:
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Parking Total/Covered:
5 / -
Flood Plain:
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Suite:
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Interior Features:
Storage
Exterior Features:
Balcony
Amenities:
Laundry In Unit, Storage
Community Features:
Shopping Nearby
Security Features:
No Fire Sprinkler System, Smoke Detector(s)
Features Included:
Smoke Detector(s)
Features Included:
Laundry In Unit, Storage
Laundry Features:
In Unit
Other Details:
Council Approval:
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Income Per Annum:
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Oper. Expenses:
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Net Operating Income:
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Age Restrictions:
No
By-Law Infractions:
0
GST Included:
No
Income as at Date:
May 01, 2025
Tax Utilities Included:
false
Dist to Public Trans:
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Dist to School Bus:
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Property Disclosure:
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Fixtures Leased:
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Fixtures Removed:
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# Units Total:
9
# Bachelor Units:
0
# 1Bdrm Units:
9
# 2Bdrm Units:
0
# 3Bdrm Units:
0
# Other Units:
0
Home Owners Association:
No
Land Info:
Land Lease:
No
Zoning:
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Access to property:
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Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Telephone Service:
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Fencing:
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Sewer:
Public Sewer, Sanitary Sewer, Storm Sewer
Plumbing Details:
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Sketch Attached:
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Restrictions:
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