Multi Family

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566 E 44TH Avenue
Fraser VE Vancouver V5W 1W5

$11,000,000
Multi-Family Commercial

Main Photo: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 1: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 2: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 3: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 4: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 5: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 6: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Photo 7: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8034408
Build. Type:
Low Rise (2-4 stories)
Custom built by the existing owner to exacting standards 24 years ago is this superbly maintained building in which all 30 suites are strata titled. This is an excellent opportunity for a potential repositioning or enjoy the existing stable income of today. The building consists of 25-1 bedroom units plus 5-2 bedroom units. The gross revenue in 2019 was $344,410. Superb quiet location close to Macdonald Park, the shops of Fraser street and nearby public transportation. There is also 29 parking spaces. Please inquire pertaining to the ownership structure.Hurry on this rare offering!
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Bus Op Since:
24
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
30
# Storeys:
3.0
Year built:
1996 (Age: 24)
Land Use/Zoning:
RM-2 MULTIPLE FAMILY
Taxes:
$37,521.89 / 2020
Balconies, Storage
Water Supply:
Municipal
Env Assmt Phase:
Not Applicable
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
  • Photo 1: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
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  • Photo 2: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
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  • Photo 7: 566 E 44TH Avenue in Vancouver: Fraser VE Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8034408
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Listed by Macdonald Realty
Data was last updated October 20, 2020 at 04:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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