Renovated Triplex In Mount Pleasant. Opportunity to Acquire a Value-Add Revenue Property.
524 East 11th Avenue, Vancouver
$2,388,000 Mount Pleasant VE VANCOUVER CITY House/Single Family Multifamily 3 Storey SOLDRenovated Triplex In Mount Pleasant. Opportunity to acquire a value-add Mount Pleasant revenue property in one of the hottest neighborhoods in Vancouver. Income Generating Property Cap Rate 3.3%.
- Address:
524 East 11th Avenue, Vancouver - Postal Code: V5T 2C9
- Listed By: Macdonald Commercial Real Estate Services Ltd.
- Year Built: 1912
- Size: 2,972 Sq ft
- Lot Size: 4,026
- Bedrooms: 7
- Parking: 2
- Tax: $6,527
- Tax Year: 2019
- Features: Opportunity Highlights:
- Mt. Pleasant Revenue Property
- Fully renovated Interior (New Kitchens, New Bathrooms, New Flooring, New Water Tanks)
- Stainless Steel Appliances
- Short walk to Kingsway, East Broadway and Fraser Street
Property Description
Renovated Triplex In Mount Pleasant. Opportunity to acquire a value-add Mount Pleasant revenue property in one of the hottest neighborhoods in Vancouver. Income Generating Property Cap Rate 3.3%. The property is in a prime Mount Pleasant location, steps away from Florence Nightingale Elementary, Robson Park, Kingsway and East Broadway. Although centrally-located, the property is on a quiet street that provides ample privacy.
With rental housing continuing to be in extreme demand in sought-after neighborhoods, such ingredients will provide investment success.
Suite Mix Breakdown:
1 x 3 Bedrooms and 2 x 2 Bedrooms