1150 Bute Street, Vancouver

   SEE MAP  


Features
-Only two suites per floor, (14 suites)
-Sound resistant, concrete building
-4 appliances, including microwave oven, dishwasher, fridge & stove
-Hardwood Floors (living, dining, halls and bedrooms) -Security intercom systems with two separate access codes in 2 BD suites
-2 bedroom suites have two full baths
-Views of English Bay
-Each suite has south-west or south-east exposure
-Secured, underground parking stalls & bike storage
-Storage lockers & in-suite storage space
-All suites have balconies
-Video security system
-High-speed Internet access
-Gym amenity room
-Baseboard heating (3 thermostats in 'A' suites)
-Bedroom doors are solid wood
-Aluminum 'Thermobroken' Windows
-Built-in bathroom vanities
-Maple Veneer Kitchen Cabinets
-Venetian Blinds
-Maple Hardwood Floors in all living areas and bedrooms
-Tiles in Baths and Kitchen
-Washer / Dryer in Basement
-Utilities, cable and internet access not included in rent





The subject property is an 8 storey luxury concrete strata mid-rise located in Vancouver's popular West End. Just a few minutes walk to Robson or Davie, grocery stores, downtown shopping, English Bay, Stanley Park and Granville Island Ferries.

Civic Address: 1150 Bute Street, Vancouver
Legal Description: Lots 1-13 BLK 185 LD 36 PL LMS3464
PID: 024-250-244
Assessment (2005):
Land:
  $889,000.00
Building:

$2,157,000.00

Total:
  $3,046,000.00
Taxes 2005: $15,050.15
Age: 1998
Income and Expense:

2005 Proforma
Gross Income
$224,760
Less Vacancy 2%
($4,495)

Effective Gross

$220,265
Expenses ($5,000/unit)
$68,000

NOI

$152,265
Suites: 13 Units
Financing: Clear title
$/Unit: $276,923.00

Asking Price: $3,600,000.00
Selling Price: $3,455,000.00
Sale Date: November 2, 2005

Suite Mix
6-1Br/den (650 sq. ft.)
7-2Br (825 sq. ft.)
1-studio (350 sq. ft)

Total saleable area 9,675 sq. ft.
13 Total Suites






David Goodman 604.714.4778
Mark Goodman 604.714.4790

Macdonald Commercial Real Estate Services
301 - 1770 West 7th Avenue Vancouver BC V6J 4Y6
Phone: 604.736.5611 Fax: 604.736.7976
www.goodmanreport.com

Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission subject to prior sale or lease, change in price or terms and withdrawal without notice.