2452 - 2492 Balsam Street, Kitsilano, Vancouver West (R3114362)


$2,998,800
House in Kitsilano, Vancouver West, brought to you by Kevin O'Toole
EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/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.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Find A Property with Sotheby's International Realty Canada for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. Trademark owned or controlled by The Canadian Real Estate Association. Used under license.
Specifications
| Type: | House |
| Taxes: | $15575.4 |
| Frontage: | 50.00 ft |
| Lot Size: | 5,750 sqft |
| Storeys: | 2 storeys |
| Sqft: | 4,583 sqft |
| - main: | 2,369 sqft |
| Bedrooms: | 13 |
| Bathrooms: | 6 |
| Full Baths: | 6 |
| Half Baths: | 0 |
| Built In: | 1925 |
| Parking: | Open, Lane Access (1) |

