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1179 W 70TH AVENUE Vancouver, BC V6P 2Y2
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Key Details
Sold Price $3,425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,827 sqft
Price per Sqft $388
Subdivision Marpole
MLS Listing ID C8053527
Year Built 1953
Annual Tax Amount $7,851
Tax Year 2022
Property Description
Fantastic opportunity! This 10-unit building is situated on a 67' x 95' corner lot in the heart of the Marpole Community Plan. The property consists of 9-1-bedroom units and a 1 studio apartment. Many suites have been renovated in the last 3 years but there are still a few that can be updated creating a greater upside in rental income. The landlord owns the coin laundry adding additional income. There are also multiple storage lockers. This building is truly a pride of longtime family ownership and has been superbly well maintained. The roof is in good condition; the boiler is in great condition with new hot water tanks. Parking at the rear. Excellent tenants. This is a turnkey investment with a projected net income for 2023 of $111,707. Call today for a touring schedule and information package. BUILDING TOURS Wednesday 5-6 pm and Saturday 2-3 pm, by appointment only.
Location
Province BC
Community Marpole
Area Vancouver West
Zoning British Columbia Default Zone
Exterior
Roof Type Other
Building
Story 3
Structure Type Wood Frame
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