Investor opportunity in a prime residential area on a great block. This three-level property produces approx. $100K annual NOI with an estimated 5% cap rate, or live in the main unit and collect about $70K rent from other units. Income setup includes: $2,500 upper level (vacant, incl. garage), $2,100 upper (tenanted), plus $1,350, $1,000, and $900 units all rented, and $350 from the garage/workshop. Enjoy a top-floor deck with mountain views, shared coin laundry, bike storage, and a charming backyard. All suites are unauthorized. Ideally located near Commercial Drive, transit, shopping, and recreation.
Address
2223 E 8th Avenue
List Price
$1,948,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Grandview Woodland
Bedrooms
5
Bathrooms
4
Floor Area
2,575 Sq. Ft.
Main Floor Area
966
Lot Size
4026 Sq. Ft.
Lot Size Dimensions
33 x 122
Lot Size (Acres)
0.09 Ac.
Lot Features
Central Location, Lane Access
Lot Size Units
Square Feet
Total Building Area
2575
Frontage Length
33
Year Built
1912
MLS® Number
R3102999
Listing Brokerage
Oakwyn Realty Ltd.
Basement Area
Exterior Entry
Postal Code
V6B 1A8
Zoning
RT-5
Ownership
Freehold NonStrata
Parking
Garage Double, Front Access, Lane Access
Parking Places (Total)
2
Tax Amount
$9,619.63
Tax Year
2025
Site Influences
Central Location, Lane Access, Private Yard, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Private Yard
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Electric, Forced Air
Garage
Yes
Garage Spaces
2
Laundry Features
Common Area
Levels
Two, Three Or More
Number Of Floors In Property
2
View
Yes
View Type
North Shore and Mountain