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Maple Grove Apartments

6356 East Boulevard, Vancouver
Multi-family

$5,075,000


Summary

GIM
35
Property taxes
$10,972
Units
11
Year Built
1955
Operating Cost
(41,910)
Cap Rate
1.9%
Zoning
C-2
Price/Unit
$454,545
PID
014-009-749; 014-009-731
Stories
3
Sale Price
$5,075,000
Sale Date
8/28/2014

Property Description

The subject property is an upgraded and well maintained 11-suite three-storey apartment building located in the highly sought after affluent Kerrsidale neighbourhood of Vancouver.

Location

The subject property is situated mid-block between West 48th and West 47th on East Boulevard in Vancouver’s prime Kerrisdale neighbourhood. Walking distance to West 41st Avenue, considered one of the best upscale shopping districts in the City. Minutes to Point Grey & Magee High Schools, Maple Grove Park & Elementary School, bus transportation, restaurants, and Kerrisdale Community Centre.

Financial Summary

Financing: Treat as clear title

Assessment 2014

Land: $3,410,000
Building: $18,100
Total: $3,428,100

Income and Expenses

Effective Gross Income: $139,075
Operating Expenses: (41,910)
Net Operating Income: $97,195

 

Suite Mix

No. Units
Bachelor 1
One Bedroom 8
Two Bedroom 2

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