3460 Fleming Street

    Vancouver, BC V5N 3V8
    • $1,598,000
    • STATUS: Active
    • ID#: R2284267
    UPDATED: 76 min ago
    $1,598,000
    • 6
      BEDS
    • 0.09
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,597
      SQFT
    • $615
      $/SQFT
    Neighbourhood:
    Type:
    Multi-Family
    Built:
    1910

    Description

    Cedar Cottage Triplex! Two legal RT-10 lots (50' frontage)- with triplex sitting on one of the lots. Currently 3 - 2 bedroom/ 1 bath units generating almost 50K (2.5% cap rate) per year in income with significant upside on rents. Rents ($1,200 top floor 2 bed, $1,605 main floor 2 bed, $1,348 basement 2 bed) = Total $4,153/month. Lots of opportunities to generate additional income, redevelop, renovate or develop further. Please check with the City about potential development opportunities. Great neighbourhood, steps to Kingsway, Commercial Dr, Clark Park and Trout Lake for shopping, leisure and transit. Excellent investment or co-ownership opportunity. Contact LS to view. 48 hours notice required. Do not walk property or disturb tenants.

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    Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
    www.bchousefinders.com/homes/85078029

    3460 Fleming Street Vancouver, BC V5N 3V8

    • Price: $1,598,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: R2284267
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,597
    SQFT
    $615
    $/SQFT
    1910
    Built
    Neighbourhood:
    Knight
    Area:
    Vancouver East
    Property Description
    Cedar Cottage Triplex! Two legal RT-10 lots (50' frontage)- with triplex sitting on one of the lots. Currently 3 - 2 bedroom/ 1 bath units generating almost 50K (2.5% cap rate) per year in income with significant upside on rents. Rents ($1,200 top floor 2 bed, $1,605 main floor 2 bed, $1,348 basement 2 bed) = Total $4,153/month. Lots of opportunities to generate additional income, redevelop, renovate or develop further. Please check with the City about potential development opportunities. Great neighbourhood, steps to Kingsway, Commercial Dr, Clark Park and Trout Lake for shopping, leisure and transit. Excellent investment or co-ownership opportunity. Contact LS to view. 48 hours notice required. Do not walk property or disturb tenants.
    Exterior Features

    Depth 82.50 Frontage 50 Frontage Metric 15.24 Lot Sz Hectares 0.04 Lot Sz Sq Mtrs 383.23 View No

    Interior Features

    Floor Area Fin Main Floor 1072 Total Baths 3

    Property Features

    For Tax Year 2017 Gross Taxes 5762.8 Short Region Code Real Estate Board Of Greater Vancouver Title To Land Freehold Nonstrata Type Of Dwelling Triplex

    Listing provided courtesy of Re/Max Real Estate Services. © 2018 by the Real Estate Board of Greater Vancouver, Fraser Valley Real Estate Board, Chilliwack and District Real Estate Board, BC Northern Real Estate Board, and Kootenay Real Estate Board. All Rights Reserved.
    Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
     
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