Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Multi-family · Vancouver

1923 Parker Street

Vancouver, BC V5L2L2

$3,980,000

180 days on market

Bedrooms
0
Bathrooms
0
Floor area
6,212 sq ft
Type
Multi-family
Year built
1958
Taxes
$11,443.00 (2024)
MLS®
C8077704

About this home

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 building has has major mechanical upgrades and 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.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$17,623
Strata fee$0
Property taxannual ÷ 12$954
Est. monthly total$18,576
Down payment + BC property transfer taxbefore any first-time buyer exemption$913,000

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Listing courtesy of Stilhavn Real Estate Services. View on REALTOR.ca

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