Sold Pending Completion $7,188,000 - Apartment Building
The apartment building resides on a quiet street in the northeast corner of Fifth Avenue and Thirteenth Street. The neighbourhood is rapidly evolving with new development being constructed. Shopping is available in Columbia Square or along 12th Avenue. Bus transit is only a block away. Built in 1977 and completely renovated last year.
Enjoy a turnkey apartment building that has been completely rebuilt from the studs up. All suites have electric heating keeping utility costs minimal. Everything has been reconstructed or changed with many effective warranties on the work. Many suites have views of the Fraser River. All units have balconies. The property has underground parking and an elevator.
The following is a list of improvements:
- New windows
- New vinyl flooring
- New kitchens
- In-suite washer/dryer for 18 units
- Renovated lobby
- Complete replumb
- New appliances
|Number of units||21|
|Stabilized net operating income||$289,814|
|Price per unit||$361,905|
|Lot size||13,720 square feet|
|Parking||21 secured underground|