About this Business in Kitsilano
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $179,136 in gross annual income ($14,728/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.
Listing Details
- MLS®: R3113532
- Bedrooms: 13
- Bathrooms: 6
- Type: Business
- Size: 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
