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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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2223 E 8th Avenue, Vancouver
MLS®: R3102999
2575
Sq.Ft.
4
Baths
5
Beds
4,026
Lot SqFt
1912
Built
$0.00
Maint. fees
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Description
Investor opportunity in a prime residential area on a great block. This three-level property produces approx. $100K annual NOI with an estimated 5% cap rate, or live in the main unit and collect about $70K rent from other units. Income setup includes: $2,500 upper level (vacant, incl. garage), $2,100 upper (tenanted), plus $1,350, $1,000, and $900 units all rented, and $350 from the garage/workshop. Enjoy a top-floor deck with mountain views, shared coin laundry, bike storage, and a charming backyard. All suites are unauthorized. Ideally located near Commercial Drive, transit, shopping, and recreation.
Taxes (2025): $9,619.63
Amenities
Shopping Nearby
Private Yard
Common Area
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
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