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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 SOLD
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%.
  • 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
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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