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Constructed in 1950, Westview Apartments is a 20-suite three storey plus penthouse wood-framed apartment building located in Vancouver' s popular West End District. The subject features an excellent suite mix (9-2Br; 7-1Br & 4 bach). There is a large underutilized ground floor which contain lockers, furnace room, electrical and laundry facilities. Situated on the north-east corner of Burnaby and Thurlow Streets, the subject is only 3 blocks to English Bay and minutes to parks, recreation centres and retail amenities/restaurants along Davie Street.
SOLD $3,325,000
| Civic
Address: |
1075 Burnaby Street, Vancouver |
| Legal
Description: |
Lot 10 & 11, BLK 11, DL 185, LD 36, PL 92
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| PID: |
015-749-312; 015-749-304 |
| Lot
Size: |
82' x 131'
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| Zoning: |
RM-5A
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Assessment
(2009):
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Land: |
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$3,287,000.00 |
Building:
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$428,000.00
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Total: |
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$3,715,000.00 |
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| Taxes
2009: |
$14,753.29
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| Age: |
1950
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Income
and Expense:
Annualized as of October 2009 |
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Gross Income
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$213,720
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Less Vacancy
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(1,051)
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Effective Gross
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$212,669
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Normalized Expenses
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(78,225)
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Normalized Net Income
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134,444
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| Suites: |
20 Units |
| Financing: |
Treat as clear title |
| GRM: |
18 |
| CAP: |
3.5% |
| $/Unit: |
$192,500.00 |
| Asking
Price: |
$3,850,000.00 |
| Suite
Mix |
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4 Bachelor
7 One Bedroom
8 Two Bedroom
1 Two Bedroom Penthouse
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20 Total Suites
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