Sold - Apartment Building
Sale Date: September 27, 2017
Charming converted character home residing on a quiet street in the heart of Westend is a “Walkers paradise”(walkscore.com). This rarely available neighborhood is centered between all three major community hubs; Robson street to the North, Downtown to the north, and Denman street to the west. Within a 15 minute walk is the Millennium SkyTrain station. Nearby are popular coffee shops, local restaurants, corner stores and all the amenities that tenants need to make downtown so livable without transportation.
A three storey with basement plus penthouse rental property. This property has been historically run as Nelson House BNB for the last 25 years. Their is a brand new website made in 2016 intended to generate increased tourism and bookings. Currently the property is run as a short term rental property with 9 housekeeping units. Four units are self contained with their own bathrooms. The other five units share two bathrooms. In the lobby is a living room, dining room, and kitchen for tenants to enjoy and socialize making for a community style living. Recent updates include new furniture in some suites, new carpets, paint, hardwired internet services, and more.
|Number of units||9 units|
|Stabilized net operating income||$95,516|
|Price per unit||$353,333|
|Lot size||2,882 square feet|