House
8 Bedrooms
3 Bathrooms
Size: 2,224 sqft
Built in 1981
$2,198,000
About this House in Renfrew Heights
~4% Gross Yield + Land Upside East Vancouver Investment Opportunity! Thoughtfully renovated and converted in 2023 into three separate suites, each with its own laundry. The property currently generates approximately $80,000/annual rental income, making it an excellent mortgage helper. Situated within the TOA Tier 2 area, this RT-2 corner lot offers lane and side access, providing excellent flexibility. Perfect for investors, multi-generational families, or buyers looking to… live in one suite while collecting rental income from the other two. This is a rare combination of future land value upside, strong rental income, and an excellent location close to transit, parks, restaurants, and supermarkets.
Listed by NAI Commercial.
~4% Gross Yield + Land Upside East Vancouver Investment Opportunity! Thoughtfully renovated and converted in 2023 into three separate suites, each with its own laundry. The property currently generates approximately $80,000/annual rental income, making it an excellent mortgage helper. Situated within the TOA Tier 2 area, this RT-2 corner lot offers lane and side access, providing excellent flexibility. Perfect for investors, multi-generational families, or buyers looking to live in one suite while collecting rental income from the other two. This is a rare combination of future land value upside, strong rental income, and an excellent location close to transit, parks, restaurants, and supermarkets.
Listed by NAI Commercial.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Schreder Brothers for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
More Details
- MLS®: R3148454
- Bedrooms: 8
- Bathrooms: 3
- Type: House
- Square Feet: 2,224 sqft
- Lot Size: 3,630 sqft
- Frontage: 33.00 ft
- Full Baths: 3
- Half Baths: 0
- Taxes: $8390.47
- Parking: Additional Parking, Lane Access, Side Access (2)
- Basement: Exterior Entry
- Storeys: 2 storeys
- Year Built: 1981
