APARTMENTBLOCKS.CA Beyond the sale Westwind APARTMENTS
8777 Montcalm St Vancouver
FOR SALE 19-UNIT APARTMENT BUILDING IN LOWER HUDSON NEIGHBOURHOOD DAVID LLOYD GEORGE ELEMENTARY
8777 VERY WALKABLE GRANVILLE ST MONTCALM (walkscore.com)
ALONG GRANVILLE ST The Highlights
SAFEWAY & PHARMACY STARBUCKS Bosch Boiler (2008) THE YARD CAFE GRAND MARPOLE MARKET CIBC BMO BANK OF MONTREAL SW MARINE DR Hot water tank (2017) SCOTIABANK CHEVRON & SHELL GAS IKURA SUSHI 19 storage lockers CAFE MAI-MAI FRESHSLICE PIZZA MCDONALD’S RBC ROYAL BANK Balconies BC LIQUOR STORES TALAY THAI GRANVILLE DENTAL RED STAR SEAFOOD Oversized corner lot
The Opportunity The Summarized Financials Located in the Lower Hudson Neighbourhood, the subject Average Rents: property is closely situated near Granville Street and its many amenities, and is only a short walk to the picturesque Fraser 1-Bedroom $1,088/month River Park.
This investment opportunity has the potential for 20 suites, as 2-Bedroom $1,459/month two were converted into one large suite by the original owner. The building has been kept in immaculate condition. A new Torch-On Roof was constructed in 2015 and all waterlines were replaced in 2010. Kitchens were also renovated in 2010. Total Yearly Income $270,264 The building is also equipped with a new, efficient furnace and storage tank. Total Expenses $64,694
Net Operating Income $209,194 DRIVE TIMES 3 min to David Lloyd Elementary Cap Rate 3.00% 4 min to Fraser River Park 9 min to Oakridge Centre & SkyTrain Request access to the data 20min to Downtown Vancouver room for rent roll & financials The Details
Lot 1 & 2 Block 10 Plan Legal VAP1749 District Lot Description: 318 Land District 36
008-081-042, PID: 008-081-051
14,000 SF Lot Size: (100’ x 140’)
Zoning: RM-3A
Year Built: 1964
Land $7,003,000 Assessed Buildings $30,700 Value (2021): Total $7,033,700
Property Taxes $21,006 (2020):
1-Bedroom 14 units Suite Mix: 2-Bedroom 5 units Total 19 units
Covered and surface Parking: parking available
3 storey wood frame Improvements: walk up with exterior balconies
Price: $6,980,000 Terry Harding Jackson Tang* Brandon Harding* Senior Vice President Senior Vice President Vice President, Multi-Family & Land 604 691 6615 604 691 6680 604 691 6630 [email protected] [email protected] [email protected] 國語, 廣東話, 福建話查詢 *Personal Real Estate Corporation
1075 W Georgia St, Suite 1300, Vancouver, BC V6E 3C9 | ApartmentBlocks.ca
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