|
 SEE
MAP
Location
Located on the southeast corner of Pender Street and Mclean Drive, the site is in close proximity to transportation routes one block south of East Hastings and two blocks west of Commercial Drive.
Comments
As the property was self managed, we estimated a caretaker expense of $3240/year and a repairs & maintenance expense of $3900 ($650/unit/year).
|
 |
Situated on a corner lot, the subject property is a 6-unit two level frame apartment block located in the Grandview neighbourhood of East Vancouver. The building is comprised of 1 two bedroom and 5 one bedroom suites and features 6 paved rear parking stalls and balconies/patios. Rents are below market rates for the area.
SOLD
| Civic
Address: |
1510 East Pender Street, Vancouver |
| Legal
Description: |
Lot B (explanatory Plan 9005) Block 6 of Block C DL 183, PL 417
|
| PID: |
105-292-177 |
| Lot
Size: |
57.5' x 122' (7,105 sq. ft.)
|
| Zoning: |
RM-4
|
|
Assessment
(2009):
|
Land: |
|
$918,000.00 |
Building:
|
$23,000.00
|
Total: |
|
$941,000.00 |
|
| Taxes
2009: |
$5,601.59
|
| Age: |
1967
|
Income
and Expense:
Annualized as of Nov 2009 |
|
Effective Gross
|
$47,500
|
|
Estimated Expenses
|
(20,666)
|
|
NOI
|
$26,834
|
|
| Suites: |
6 Units |
| Financing: |
Treat as clear title. |
| GRM: |
21 |
| CAP: |
2.7% |
| $/Unit: |
$166,667.00 |
| Asking
Price: |
$1,000,000.00 |
| Suite
Mix |
|
5 one bedroom units
1 two bedroom unit
|
|
6 Total Suites
|
|
