INVESTOR ALERT!!! At list price, this suite boasts a Cap Rate of 5.0%. Rented thru Oct. 2018, there is stable, high returns from the unit as an investment vehicle. Within last 6 years, this non-strata leasehold building (prepaid to Dec. 2074) has had roof replaced, hallways & stairwells re-carpeted, lobby updated, and balconies rebuilt. Main. fees include heat, hot H20, prop. taxes, cable, and on-site caretaker, making it attractive for tenants and easy for landlords. The Mt. Pleasant location with proximity to Main Street, bike paths, public transit, coffee, restaurants, groceries, shopping, and all manner of services will always be an in-demand location whether for income or owner occupancy. Note: no pets, 19+ age restrict.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.