Description

A golden investment opportunity in the most sought after Fairview /South Granville location! Over 7500 s.f. solid, well maintained one of a kind rooming house situated on a huge 6700 s.f. RT-2 zoned lot. Property contains 14 legal rental rooms and one large legal suite. The property has many mechanical upgrades including electrcial, plumbing , heating and more. High income and low expenses with approx. $180K to $200K annual income with cap rate over 5%! (seller currently occupies the entire top floor).Rare opportunity to operate as is or convert to another housing option. Within close proximity to all amenities and transit with a WalkScore of 78! School Catchment: Emily Carr Elementary & Eric Hamber Secondary. Walking distance to the Future Skytrain station of the Broadway Subway Project.

Taxes (2020): $10,449.40

Amenities

Bike Room Shared Laundry Storage

Features

ClthWsh Dryr Frdg Stve DW Drapes Window Coverings Smoke Alarm