House/Single Family For Sale in Mount Pleasant VE, Vancouver East

  • 11 Beds
  • 4 Baths
  • 2,614 Sq. Ft.
  • Built 1989
Found a cash-cow residual income investment and managed to beat out 3 others to get this property still at a great price in Vancouver! This property, originally owner-occupied, had a whoppping 11 (or more) bedroom in total. Perfect layout for a substantial streamline income for investors. Main level's 1 bedroom suite was rented at $850 & 2 bedroom suite at $1250. There are also 3 kitchens and piping ready for more. Including all the currently owner occupied bedrooms, there are 11 doors for rent. There are some fixing up to do, but the constant income is definitely worth it.
Grossing over $74,000/annum, this property is at 7.66% CAP. with conventional financing, it obtains 21.87% cash-on-cash return.If you looking for an investment but like to sleep at night without a heart attack on market volatility. Please get in touch and we'll discuss portfolio structure for residential or commercial investment.
Address 839 HEATLEY AVE
List Price $980,000
Type of Dwelling House/Single Family
Area Vancouver East
Sub-Area Mount Pleasant VE
Bedrooms 11
Bathrooms 4
Floor Area 2,614 Sq. Ft.
Year Built 1989
MLS® Number V1088977
Listing Brokerage Macdonald Realty Westmar