25 West 12th Avenue, Vancouver

25 West 12th Avenue, Vancouver

$3,075,000 - Apartment Building - Sold by NAI Commercial

Sale Date: April 15, 2020
Sale Price: $2,970,000



4-Unit Apartment Complex in Prime Mount Pleasant Area


The Opportunity

Villa Serena is situated on the north side of West 12th Avenue between Ontario and Manitoba Streets, just two blocks west of Main Street. Shopping and transit are available within two blocks. The Broadway-City Hall SkyTrain Station is 900 metres away and the new Broadway Extension Main Street SkyTrain Station will be within 600 metres of the property. This Mount Pleasant area is likely the most sought-after area in all of Vancouver. Tenants are flocking to this location and paying similar rental to Kitsilano.

Investment Property
In 2012, the building was completely renovated back to the studs with new wiring, mechanical and plumbing in suites, etc. Permits were obtained for all work with an occupancy permit given in 2012. Building has very low expenses and tenants are responsible for all their costs including heat, hot water, electricity, etc.


Property Details
Number of Units 4
Lot Size 6,132 SF (49.51’ x 123.85’)
Zoning RT-6
Year Built 1924
Renovated in 2012
Effective Age: 8 years
Property Taxes (2020) $7,130.08
Improvements
  • Two-storey fully renovated buildings
  • All 2-bedroom suites
  • Storage lockers
  • 4 surface parking spaces
Financing Treat as clear title

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

IF YOU WANT TO STAY AHEAD OF THE MARKET, CLICK HERE