THE OPPORTUNITY
To acquire an early century 1912 character home comprised of three suites in the most prime and highly sought after North-of-4th Avenue Kitsilano neighbourhood.
IMPROVEMENTS
A beautiful four-level character home, right next to Tatlow Park. This dream location, steps from the beach, offers three (3) large, self-contained suites each with in-suite laundry (3 Bdrm Garden Level, 1 Bdrm + Den on Main Floor, and top 2-level 3 Bdrm suite; total rentable/livable area = 3,569 sq.ft.).
The main and top two floors could easily be combined into one large 5 bedroom plus den home. Many mechanical updates have been undertaken by the owners over the last 28 years such as double-paned windows, a recently installed asphalt roof.
This very large home offers a private front and back yard, and enjoys grand, spectacular views of the North Shore Mountains and glimpses of the ocean. West 3rd Avenue has recently been closed off from traffic for more privacy.
FEATURES & RECENT UPGRADES
• Wiring: all copper – no aluminum, no knob and tube, all circuit breakers, no fuses
• Three washer and dryer sets
• Plumbing: all copper piping
• Roof: 3 years old
• New Skylights 3 years ago
• Heating system upgraded 3 years ago
• Hot Water Tank: 3 years old
• Exterior Paint: 3 years old
INCOME
Currently offering 3 independent suites: 3 bed garden level rented for $2310/mo (under market value), 1 bed & den on main floor rented for $2760/mo, and top 2 level 3 bedroom owner-occupied suite of 1537 sqft that could be easily rented for approx. $3,500/mo. Over $100,000 annual income potential!
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