Multi Family

37953 WESTWAY Avenue
Valleycliffe Squamish V0N 3G0

$1,888,800
Multi-Family Commercial

Main Photo: 37953 WESTWAY Avenue in Squamish: Valleycliffe Multi-Family Commercial for sale : MLS®# C8026965
Photo 1: 37953 WESTWAY Avenue in Squamish: Valleycliffe Multi-Family Commercial for sale : MLS®# C8026965
Photo 2: 37953 WESTWAY Avenue in Squamish: Valleycliffe Multi-Family Commercial for sale : MLS®# C8026965
Photo 3: 37953 WESTWAY Avenue in Squamish: Valleycliffe Multi-Family Commercial for sale : MLS®# C8026965
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8026965
Build. Type:
Multiple Tenant/Multi-Plex (5+)
Great investment opportunity! Located minutes to Hwy 99 direct access to Vancouver & Whistler. A great revenue four-plex located on a huge corner double-sized lot in Valleycliffe w/4 newly renovated suites each w/2 beds + den. Each unit is fully tenanted. All suites are equipped w/their own hot water tanks, gas forced air furnaces, laundry room including in-suite laundry & full kitchens. The property is updated with newer windows, siding, painted & roof. Each suite has a private yard space w/huge views of the Chief & a short walk to hospital. Also includes communal gardens & additional green space. The zoning RM-2 (.8 fsr) allows for almost triple the square footage & could potentially accommodate 4+additional units. A once in a life time opportunity. Very good income+Opportunity for redevelopment down the road. No Foreign Buyers Tax! 4 Units identical. 1794$/1768$/1546$/1173$. The 2 last rents incl 2.5% forecasted Sept/19 increase. Stabilized projected would be similar to high unit rents.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multiple Tenant/Multi-Plex (5+)
# Units:
4
# Storeys:
2.0
Year built:
1964 (Age: 55)
Total Floor Area:
4,014 sq. ft.
Land Use/Zoning:
RM2
Taxes:
$5,993.87 / 2019
HVAC:
Forced Air, Separate Water Heaters
Env Assmt Phase:
None
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Other Income:
Effective Gross Income:
Gross Income:
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Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
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Listed by RE/MAX Masters Realty
Data was last updated November 18, 2019 at 02:10 AM (UTC)
Bruce Long CCIM, FRI
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