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3040 NANAIMO Street
Renfrew Heights Vancouver V5N 5G3

$5,890,000
Multi-Family Commercial

Main Photo: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 1: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 2: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 3: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 4: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 5: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 6: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Photo 7: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8035271
Build. Type:
Low Rise (2-4 stories)
Lovingly and Meticulously maintained 17 unit apartment block owned by the same family for decades. The tenants here are like a community. Capital upgrades include the replacement of the entire plumbing system from water main in the furnace room to each suite. All water lines were replaced with new ones. A new maintenance coating applied to the torch on roof and complete interior common areas painted as well as the building exterior. Double paned windows throughout. Beautiful hardwood throughout all the suites, large living rooms and bedrooms, baseboard hot water heat, and storage lockers. 2 Bachelor suites, 12-one bedroom and 3-two bedrooms. Gross income at 165k. This is a tidy investment to hold for years to come! Zoned RM-3A for redevelopment later. All measurements are approximate.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Bus Op Since:
1959
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
17
# Storeys:
3.0
Year built:
1959 (Age: 61)
Total Floor Area:
15,420 sq. ft.
Land Use/Zoning:
VAN
Taxes:
$16,401.18 / 2020
Water Supply:
Municipal
HVAC:
Baseboard, Hot Water, Separate Controls
Env Assmt Phase:
None
Cap Rate %:
2.14
Other Income:
$0
Effective Gross Income:
$165,014
Gross Income:
$165,014
Oper. Expenses:
$39,028
Net Operating Income:
$125,986
  • Photo 1: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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  • Photo 2: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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  • Photo 3: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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  • Photo 4: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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  • Photo 5: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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  • Photo 7: 3040 NANAIMO Street in Vancouver: Renfrew Heights Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8035271
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Data was last updated November 28, 2020 at 04:00 AM (UTC)
Alana Bertini
Preston Fisk - PREC
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