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Kory Prince

kory@countrywiderealestate.ca +1(604) 270-8774

Listed by RE/MAX Crest Realty

$2,998,800

Est. payment - /mo

13 Beds

6 Baths

4,583 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,583 sqft

Price per Sqft $654

MLS Listing ID R3114362

Bedrooms 13

Full Baths 6

HOA Y/N No

Year Built 1925

Lot Size 5,662 Sqft

Property Sub-Type Single Family Residence

Property Description

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 sq ft corner lot (50' x 115') fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq 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.

Location

Province BC

Community Kitsilano

Area Vancouver West

Zoning RM-4

Rooms

Other Rooms Kitchen, Dining Room, Living Room, Primary Bedroom, Bedroom, Kitchen, Dining Room, Living Room, Primary Bedroom, Bedroom, Kitchen, Bedroom, Bedroom, Bedroom, Laundry, Kitchen, Dining Room, Living Room, Bedroom, Bedroom, Laundry, Bedroom, Bedroom, Storage, Laundry, Utility, Kitchen, Dining Room, Living Room, Bedroom, Bedroom

Kitchen 5

Interior

Heating Baseboard, Electric, Forced Air

Flooring Wall/Wall/Mixed

Window Features Window Coverings

Appliance Washer/Dryer, Dishwasher, Refrigerator, Stove

Exterior

Exterior Feature Balcony

Community Features Shopping Nearby

Utilities Available Community

View Y/N No

Roof Type Asphalt

Porch Patio, Deck

Total Parking Spaces 1

Garage No

Building

Lot Description Central Location, Lane Access

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Locker No

Others

Ownership Freehold NonStrata

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REBGV/FVREB/Chilliwack (Residential IDX)

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