$2,998,800

EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 square ft corner lot (50´ x 115´) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 square ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside. (id:64343)

Property Details

MLS® Number	R3114362
Property Type	Single Family
Amenities Near By	Shopping
Features	Central Location
Parking Space Total	1

Building

Bathroom Total	6
Bedrooms Total	13
Appliances	All
Architectural Style	2 Level
Basement Development	Finished
Basement Features	Unknown
Basement Type	Unknown (finished)
Constructed Date	1925
Construction Style Attachment	Detached
Fixture	Drapes/window Coverings
Heating Fuel	Electric
Heating Type	Baseboard Heaters, Forced Air
Size Interior	4,583 Ft2
Type	House

Land

Acreage	No
Land Amenities	Shopping
Size Frontage	50 Ft
Size Irregular	5750
Size Total	5750 Sqft
Size Total Text	5750 Sqft

https://www.realtor.ca/real-estate/29637979/2452-2472-2492-balsam-street-vancouver