2556 West 4th Avenue, Vancouver

2556 West 4th Avenue | Vancouver, BC

2556 West 4th Avenue Sold

SOLD at full price $4,200,000

The Opportunity

Located in the heart of the Kitsilano Neighborhood, the subject property is situated between West 4th Avenue and West Broadway and is within walking distance to many amenities including grocery stores, cafés, restaurants, shopping, parks and more. In addition, the subject property is under 1km away from Kitsilano Beach and under 2km away from Jericho Beach. The new Broadway Subway line, once completed, will also have a station under 1km away from the subject property.

The building has been upgraded with several recent renovations. The front of the building was repainted, and a new fence was installed in 2020. The garage roof was replaced in 2019 and the main building roof was replaced in 2017. A new hot water tank was also installed in 2017.

Recent Improvements

2017 New hot water tank
2017 New carpet for public area
2017 New Roof replacement for main building
2018 New coin operated washing machine
2019 New fridge for Unit #10
2019 Garage Roof Replacement
2019 New coin operated dryer
2020 New fence
2020 Repaint front of building
2021 Fire alarm system checks completed

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The Suite Mix

# of Units Average Size

The Key Details

Sold DateOctober 6, 2022
Sold Price$4,200,000
Lot Size5,050 SF (50’ x 101’)
Assessed Value (2022)$3,987,000
Year Built1947
Property Taxes (2021)$11,365
FinancingThe vendor will consider carrying a first mortgage of up to 65%
Cap Rate2.5%

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.