Kitsilano, Vancouver West

Just Listed

EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.

Listed by RE/MAX Crest Realty.

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13 Bedrooms
6 Bathrooms
Open, Lane Access (1) Parking
4,583 sqft
$2,998,800

Listing Details

  • MLS® R3113532
  • Bedrooms 13
  • Bathrooms 6
  • Type Business
  • Square Feet 4,583 sqft
  • Lot Size 5,750 sqft
  • Frontage 50.00 ft
  • Full Baths 6
  • Half Baths 0
  • Taxes $15575.4
  • Parking Open, Lane Access (1)
  • Basement Finished, Exterior Entry
  • Storeys 2 storeys
  • Year Built 1925

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