
Courtesy of: Rod Nevis, Rod Nevis Real Estate Gro, Oakwyn Realty Ltd.
$1,948,000
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5 bed
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2,575 square feet
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4.00 Bath
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Single Family
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$1,948,000
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 (vacant, 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. All suites are unauthorized. Ideally located near Commercial Drive, transit, shopping, and recreation. Tenanted units 48 Hours Notice. Open House Sun March 29, 2:00 - 4:00 pm (id:203)