1626 West 12th Avenue, Vancouver

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Location
The subject property is located in Vancouver's trendy South Granville area. It is situated on West 12th Ave, between Fir St. and Pine St., one and 1/2 blocks east of Burrard St.

Regent Manor is an 11 unit frame apartment building located in South Granville. Features balconies and surface grade parking. No deferred maintenance.

Civic Address: 1626 West 12th Avenue, Vancouver
Legal Description: Lot 8 BLK 409 DL 526 LD 36 PL 1949
PID: 014-176-815
Lot Size: 50' x 125'
Zoning: RM 3
Assessment (2005):
Land:
   $587,000.00
Building:
 $868,000.00
Total:
   $1,455,000.00
Taxes 2005: $8,640.63
Income and Expense:

2004 (12 months)
Effective Gross
$91,019
Expenses
$36,901
NOI
$54,118
Suites: 11 Units
Financing: Treat as clear title.
GRM: 18.1
CAP: 3.3%
$/Unit: $150,000.00

Asking Price: $1,650,000.00
Selling Price: $1,595,000.00
Sale Date: December 17, 2005

Suite Mix
1-Bach
8-1Br
2-2Br
11 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.