Property Description

Fantastic opportunity to own a piece of Kitsilano’s history. This charming heritage home, built in 1912 and one of 6 on the street, is located in one of the most prime pockets of town. Just steps to the beach, restaurants, cafes, gyms and yoga studios, plus a short walk/bike to downtown, a car is truly optional here. The home itself has been lovingly updated and maintained over the years. It is currently set up with 4 legal suites, with business license in place, producing $82,800 in gross monthly rents with a cap rate just over 3%. Current market rents would push potential closer to $100k/year in gross rents. Great holding property with future development and assembly opportunities. Also tons of potential to restore to a single family home with rental suite. Showings by appointment only.