230 West 10th Avenue, Vancouver

230 West 10th Avenue, Vancouver

$9,546,200 - Sold

Property Attachments

    Sold on May 1, 2018
    19 units ($502,432 per unit)
    Sold for $9,546,200

    Location – SkyTrain Alert!

    Rated “Walker’s Paradise” by walkscore.com, this pocket of residential land sits in the charming and culturally-rich Mount Pleasant neighbourhood and provides immediate access to the Canada Line SkyTrain Station. With nearby shops and restaurants, direct transit to the downtown core in under 10 minutes, and a short distance to the Vancouver General Hospital, tenants satisfy all their needs within the comforts of a quiet residential neighbourhood. Within 400 meters is the existing Broadway City-Hall SkyTrain Station providing residences with direct route to downtown via the Canada Line. The Broadway Expansion project has proposed an additional station to be built kitty corner to the current station at Cambie and Broadway. This would create immediate access to taking VCC-Clark and the Eastbound lines. In some instances, before a new SkyTrain Station is implemented the city will implement a new Official Community Plan boosting density around the new station in order to fund the construction via DCC’s and CAC’s.

    Building Description

    The building is a three-storey walk-up apartment building. Each suite has been updated as needed upon tenant turnover with the installation of a new roof approximately 10 years ago. All units are spacious and well laid out with extra closets, functional kitchens, and efficient floor plans. The building is heated by a hot water heating system with a central boiler and there is a clean phase one environmental available.

    Property Details
    Number of units 19
    Lot size 12,406 square feet
    Year Built 1967
    Cap Rate 1.97%
    Net operating income (annualized) $194,023
    Current Zoning RM-4

    Suite Mix
    Bachelor/Studio 6 units
    One-Bedroom 12 units
    Two-Bedroom 1 unit
    Total 19 units

    Property on Map

    Property Attachments

      No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.