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12-UNIT APARTMENT COMPLEX IN KITSILANO - 7,998,000

 

 

KEY FEATURES

 

  • Highly coveted “North-of-Fourth” location two blocks from Kitsilano Beach

  • Impressive suite-mix featuring nine large 2-bedroom suites

  • Remarkable views enjoyed by top-floor tenants

  • Immersed within an abundance of natural and commercial amenities.

 

 

 

 

LOCATION

 

 

  • 2225 West 1st Avenue is strategically located on the north side of West 1st Avenue, between Yew and Vine Streets in the Kitsilano neighbourhood of Vancouver. The subject property’s “North-of-Fourth” location places it within walking distance to Kitsilano’s world-renowned locational amenities, such as, Kitsilano Beach and Pool, the Cornwall Promenade, and an abundance of restaurants and retailers along West 4th Avenue.

  • Kitsilano is known as one of Vancouver’s most prestigious multi-residential districts, which has consistently enjoyed a near 0% vacancy rate and rapidly appreciating rental rates.

  • Renters flock to Kitsilano for stunning natural and commercial amenities all while enjoying an abundance of transit accessibility to UBC, Downtown Vancouver, and beyond.

  • Desirable location, sought-after amenities, and substantial upside combine to present an opportunity to acquire an irreplaceable Kitsilano apartment building.
     

 

 

 

 

PROPERTY SPECIFICATIONS

 

 

  • Total Site Area: 6,000 SF

  • Site Dimension: 50’ x 120’

  • Improvements: The property is improved with a two-storey plus basement wood-frame apartment complex

  • Property Taxes: $14,218,55 (2017)

  • Current Zoning: RM-4

  • Asking Price: $7,998,000 

 

 

LEGAL DESCRIPTION

 

 

Civic Addresses: 2225 West 1st Avenue Vancouver BC

 

Legal Description: Lot 13, Block 203, District Lot526, Land District 36, Plan 848

 

PID: 015-097-293

 

COLLIERS INTERNATIONAL

 

 

 

 

IMPROVEMENTS

 

 

 

 

Built in 1912, the subject property is improved a two-storey plus basement wood-frame apartment building with a well-maintained stucco façade and oversized windows providing an abundance of natural light in each suite. The north-facing top floor tenants enjoy remarkable views of the Burrard Inlet and North Shore mountains.

 

The building features a highly desirable suite-mix of nine 2-bedrooms, two 1-bedrooms and one bachelor unit. All suites have spacious floorplans, a mix of hardwood and vinyl-plank flooring and some feature updated kitchens and bathrooms. The stairs at the rear of the building provide the majority of the north-facing suites access to either a large patio or deck with private entrances to each suite.

 

Tenants have access to a washing machine and a dryer, which are owned by the building and located on the ground floor of the building. The torched-on membrane roof was replaced in 2009 and a new 75-gallon Rheem Ruud Commercial hot water thank in was installed in 2014. A natural gas-fired boiler disperses heat from cast iron radiators and the main electrical is 200-amp,whereby, all units receive 100-amp service.

 

 

 

 

 

To find out more about this Investment Opportunity and to Private Tour of this site, please contact Han Lee at 778 789 9688.

 

"Experience our Cutting-edge Marketing system to show, market, and sell your Property with ease!"

 

Call or Email us anytime for a fresh and effective approach to selling your Home!

 

 

778 789 9688
HAN@HANLEE.CA

 

 

 

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The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board. Real estate listings held by participating real estate firms are marked with the MLS® Reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board or Chilliwack & District Real Estate Board.

ROYALTY GROUP REALTY

HAN LEE REAL ESTATE
1065 SEYMOUR STREET
VANCOUVER, BRITISH COLUMBIA V6B 3M6

P  778.789.9688
E  HAN@HANLEE.CA

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