Kitsilano 6 Suite cash machine! Gross income of $145,200. Net income of $100,530. Cap rate of 3.24%. The property contains three 3 bedroom suites, one 4 bedroom, one 1 bedroom and one studio. All suites are self contained and in good condition with great tenants and a live-in caretaker. The house has been very well maintained over the years with updated siding, roof, balconies, hot water tank and has been fully sprinklered. 3 parking as well! Located on a bright corner 50X110 RT8 lot on a fantastic street close to all Kits has to offer. This home is a fantastic investment. Move in to one of the suites have the rest of the suites pay your mortgage or keep it fully rented.
Listing provided courtesy of REBGV/FVREB. Disclaimer: The information contained in this listing has not been verified by RE/MAX Crest Realty and should be verified by the buyer.