2223 E 8th Avenue

Investor opportunity in a prime residential area on a great block. This three-level property produces approx. $100K annual NOI with an estimated 5% cap rate, or live in the main unit and collect about $70K rent from other units. Income setup includes: $2,500 main unit (incl. garage), $2,100 upper (tenanted), plus $1,350, $1,000, and $900 units all rented, and $350 from the garage/workshop. Enjoy a top-floor deck with mountain views, shared coin laundry, bike storage, and a charming backyard. Ideally located near Commercial Drive, transit, shopping, and recreation. Open House Sun, May 31, 12:00 - 1:30 pm

Listed by Oakwyn Realty Ltd..

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5 Bedrooms

4 Bathrooms

Garage Double, Front Access, Lane Access (2) Parking

2,575 sqft

$1,898,000

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Listing Details

MLS® R3102999
Bedrooms 5
Bathrooms 4
Type House
Square Feet 2,575 sqft
Lot Size 4,026 sqft
Frontage 33.00 ft
Full Baths 4
Half Baths 0
Taxes $9619.63
Parking Garage Double, Front Access, Lane Access (2)
View North shore and mountain
Basement Exterior Entry
Storeys 2 storeys
Year Built 1912

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