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I have sold a property at 1014 11TH AVE W in VANCOUVER.
Big old Multi-Family house built in 1907 and licensed by the City for 7 rental units, also contains an unauthorized 3 bedroom basement suite. Long time tenants so some rents are low. Gross $66,840 Net $49,726. GRM 24.7 CAP rate 3.01%. Wiring partially updated with 200 amp breakers and buried oil tank recently removed. A good single garage could be rented for more income. Upgrading of the building will generate higher rents. Please click on Link for details.
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