1918 E 1st Avenue
Vancouver, British Columbia V5N 1B4
$1,499,000
7 Bedroom3 Bathroom2266 sqft
MLS® Number
R2670751
Property Type
Single Family
Amenities Near By
Recreation, Shopping
Features
Central Location
Bathroom Total
3
Bedrooms Total
7
Appliances
Refrigerator, Stove
Constructed Date
1912
Construction Style Attachment
Detached
Size Interior
2266 Sqft
Type
House
Land
Acreage
No
Land Amenities
Recreation, Shopping
Size Frontage
24 Ft
Size Irregular
2928
Size Total
2928 Sqft
Size Total Text
2928 Sqft
Beat inflation, invest here! It's like owning your own apartment housing with 3 self contained suites for generating income! Seller has business license to rent out all three units consistently for last 50yrs. A great investment with an excellent cap rate, after renovations, this home has a potential monthly income of $6000 or more! A 3-bedroom unit on the ground floor, a 2-bedroom unit on the main floor and a 2-bedroom unit on the upper floor. Earn income while you hold for potential land assembly value. MULTIFAMILY RM-11N zoning with potential for up to 1.7FSR when combined with other lots (verify with City of Vancouver). Unbeatable location with a 92 walkscore, close to vibrant Commercial Drive, restaurants, shops, transit, community centres and parks. Showings by appointment, call now! (id:44538)