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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2814 W 3rd Avenue, Vancouver
MLS®: R3002817
4936
Sq.Ft.
8
Baths
11
Beds
3,960
Lot SqFt
1912
Built
$0.00
Maint. fees
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Description
Turnkey investment opportunity in Vancouver''s coveted Kitsilano! "Alma Beach Suites" is a beautifully restored 1912 character home featuring 7 fully furnished rental suites: 2 x 2-bed, 2 x 1-bed, 1 x 3-bed, and 2 studio. This profitable business boasts a stellar reputation, high cash flow, and an impressive 5% cap rate-rare for Vancouver. Located just two blocks from the ocean and steps from Kits Beach, West 4th dining, shopping, and transit. Includes 4 parking stalls and modern amenities like fully equipped kitchens and shared laundry. Offered as a combined property and business sale, this is a rare chance to own a thriving income-generating gem!
Taxes (2024): $7,612.70
Amenities
Shopping Nearby
Garden
Balcony
Storage
Common Area
Shed(s)
Features
Washer
Dryer
Dishwasher
Refrigerator
Cooktop
Microwave
Smoke Detector(s)
Fire Sprinkler System
Window Coverings
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