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.

Address Map
Canada
BC
Vancouver
Vancouver East
V5N 3V8
FLEMING
3460
0
W124° 55' 43.5''
N49° 15' 13.5''
MLS® Addon
3460 FLEMING STREET
Active
3
RE/MAX Real Estate Services
2948
Knight
0
50
15.24
0.09
383.23
0.04
108
1072

3460 FLEMING,Vancouver,BC,Canada V5N 3V8 Multifamily For sale

3460 FLEMING, Vancouver, BC, Canada V5N 3V8

6 Bedrooms
3 Bathrooms
2,597 Sqft
C$1,598,000
Listing ID #R2284267
Basic Details
Property Type : Multifamily
Listing Type : For sale
Listing ID : R2284267
Price : C$1,598,000
View : Mountains
Bedrooms : 6
Bathrooms : 3
Square Footage : 2,597 Sqft
Year Built : 1910
Lot Area : 4,125 Sqft
Contact Agent