Property by us at 3460 FLEMING ST in Vancouver.
Cedar Cottage Triplex! Two legal RT-10 lots (50' frontage)- with triplex sitting on one of the lots. Currently 3 - 2 bedroom/ 1 bath units generating almost 50K (2.5% cap rate) per year in income with significant upside on rents. Rents ($1,200 top floor 2 bed, $1,605 main floor 2 bed, $1,348 basement 2 bed) = Total $4,153/month. Lots of opportunities to generate additional income, redevelop, renovate or develop further. Please check with the City about potential development opportunities. Great neighbourhood, steps to Kingsway, Commercial Dr, Clark Park and Trout Lake for shopping, leisure and transit. Excellent investment or co-ownership opportunity. Contact LS to view. 48 hours notice required. Do not walk property or disturb tenants.