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30,000 ft²
Multifamily
$11,000,000
Sale


Custom built by the existing owner to exacting standards 24 years ago is this superbly maintained building in which all 30 suites are strata titled. This is an excellent opportunity for a potential repositioning or enjoy the existing stable income of today. The building consists of 25-1 bedroom units plus 5-2 bedroom units. The gross revenue in 2019 was $344,410. Superb quiet location close to Macdonald Park, the shops of Fraser street and nearby public transportation. There is also 29 parking spaces. Please inquire pertaining to the ownership structure. Hurry on this rare offering! Please note the square footage is to be verified.


The Space
Asking Price$11,000,000
Available Space30,000 ft²
Net Operating Income$275,140
Property UseInvestment property
MLS® IDC8034408
ZoningRM-2
Year Built1996

The Building
Property TypeMultifamily
Floors3
Lot Size20,130 ft²