House
13 Bedrooms
6 Bathrooms
Size: 4,583 sqft
Built in 1925
$2,998,800
About this House in Kitsilano
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bat…hrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
Listed by RE/MAX Crest Realty.
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
Listed by RE/MAX Crest Realty.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Sylvia Fierro for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- MLS®: R3114362
- Bedrooms: 13
- Bathrooms: 6
- Type: House
- Size: 4,583 sqft
- Lot Size: 5,750 sqft
- Frontage: 50.00 ft
- Full Baths: 6
- Half Baths: 0
- Taxes: $15575.4
- Parking: Open, Lane Access (1)
- Basement: Finished
- Storeys: 2 storeys
- Year Built: 1925
Contact Sylvia now to get started with your next move!
604.351.8417
Kitsilano, Vancouver West
There is no need to introduce this stunning neighbourhood—Kitsilano is one of Vancouver’s most sought-after places to live. This lovely neighbourhood in Vancouver Westside is filled to the brim with all sorts of activities ranging from beach volleyball, biking, running, yoga, shopping, and eating. Kits (as it is well-known by its residents) offers every outdoor pursuit known to man, as well as stunning ocean views, picnic on these shores and you will never want to leave. Healthy living has been discovered and honed here in this community and it shows. People are friendly and up beat, always happy to help or offer advice on a great restaurant to settle into for the evening. Kits encompasses a micro-community known as Arbutus Walk that is close to Broadway/12th, a new pocket that offers a central location with all the perks of living in Kitsilano. You and your family will find it an easy choice to settle here for many, many years to come.
