1957 3RD AVENUE, Vancouver East, BC
Rare offering in prime location of Commercial Drive! 8 legal suites on a charming, tree-lined block just up the hill from popular McSpadden Park. All 8 suites have similar layouts around 1140 square feet over 3 levels. Each unit features 2 bedrooms & 1 bath on the top level, an open plan main level with west facing balcony & a partially finished basement below. Each suite has its own furnace, electric meter & water tank. Sitting on a 33x122 RT4 lot, this special apartment building with 3.4% Cap Rate cannot be recreated. The long term tenants have created a nice community here. Valuable holding property in blossoming neighborhood just steps to Skytrain, shopping & eating on vibrant Commercial Drive as well as public/private/French Immersion schools.
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