Sold: $2,800,000
Sale Date: September 27, 2017
Charming converted character home residing on a quiet street in the heart of Westend is a “Walkers paradise”(walkscore.com). This rarely available neighborhood is centered between all three major community hubs; Robson street to the North, Downtown to the north, and Denman street to the west. Within a 15 minute walk is the Millennium SkyTrain station. Nearby are popular coffee shops, local restaurants, corner stores and all the amenities that tenants need to make downtown so livable without transportation.
A three storey with basement plus penthouse rental property. This property has been historically run as Nelson House BNB for the last 25 years. Their is a brand new website made in 2016 intended to generate increased tourism and bookings. Currently the property is run as a short term rental property with 9 housekeeping units. Four units are self contained with their own bathrooms. The other five units share two bathrooms. In the lobby is a living room, dining room, and kitchen for tenants to enjoy and socialize making for a community style living. Recent updates include new furniture in some suites, new carpets, paint, hardwired internet services, and more.
Property Details | |
Number of units | 9 units |
Stabilized net operating income | $95,516 |
Capitalization rate | 3.0% |
Price per unit | $353,333 |
Lot size | 2,882 square feet |
Zoning | RM-5 |
Year Built | 1905 |
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.
Crosbie is a licensed commercial real estate broker with expertise in multifamily investments. He holds a Bachelor of Commerce with dual specializations in Finance and Real Estate from UBC Sauder School of Business. With a strong foundation in market and financial analysis, proforma development, and advanced capabilities in Excel, Crosbie brings a fresh perspective to the team by applying innovative strategies to drive business growth and investment opportunities. His working knowledge of RStudio and Python further enhances the multifamily team’s data analytics capabilities and market research.
As a member of the NAI Apartments team, Crosbie is focused on expanding his expertise in multifamily investments and exploring new market opportunities. Known for his quick learning ability, strong work ethic, and fresh perspective, Crosbie is committed to further developing his skills and making an impact in the industry.
Taylor is a dedicated and results-oriented professional with a proven track record in real estate. In 2022, he seamlessly transitioned to the NAI Apartment team to elevate his expertise and contribute to the dynamic industry landscape. His passion for real estate is underscored by a keen focus on apartment buildings within the vibrant Greater Vancouver market. Taylor brings a sophisticated approach to investment analysis and market trends, leveraging his extensive knowledge of the local market.
Guided by a client-centric ethos, Taylor prioritizes building enduring relationships by delivering unparalleled service and optimal results. Through effective communication and a collaborative mindset, he consistently strives to surpass expectations while maintaining a professional and approachable demeanor.
Education & Affiliations
Personal Real Estate Corporation
Senior Vice President
(604) 691-6680
jtang@naicommercial.ca
Jackson graduated from Simon Fraser University in 1986 with a Business Degree in Marketing and Finance (BBA). After graduation, Jackson was employed as a project coordinator with a small development company where he performed site evaluations and feasibility studies.
In 1987, Jackson left the development firm to begin his career as a commercial Realtor® with NAI Commercial’s (previously “Goddard & Smith International”) downtown Vancouver office and has since become a specialist in multi-family properties throughout the Lower Mainland. Over the course of his career, Jackson has sold over $1 billion investment properties.
Jackson is originally from Malaysia and he speaks Mandarin, Cantonese and Taiwanese as well as fluent English. His specialty in multi-family investment properties is focused to offshore buyers in the Asian market.
Significant Transactions
Terry has transacted over $3 billion multi-family properties over the course of his career and in 2016 he was awarded the “Top Real Estate Board of Greater Vancouver Commercial REALTOR® for Total Dollar Volume.” He was also the #1 Commercial Broker at NAI Commercial in Canada. Terry was educated in Ontario where he graduated with a diploma in Business from Sir Sanford Fleming College. Terry joined NAI Commercial’s Vancouver office in June of 1980 after a successful career with the commercial downtown office of Canada Permanent and has gained over 40 years of experience as a real estate specialist in multi-family investments. Terry has had the opportunity to work in NAI Commercial’s offices in London, England where he specialized in marketing North American Properties to European pension funds and institutions. He helped set up the international department for Goddard & Smiths London office and worked with senior partners to arrange their first international property auction in New York. Terry returned to Goddard & Smith in Vancouver at the end of 1986 and continues to specialize in multi-family investment projects.
Significant Transactions