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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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2223 E 8th Avenue, Vancouver
MLS®: R3103008
2575
Sq.Ft.
4
Baths
5
Beds
4,026
Lot SqFt
1912
Built
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Description
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 main unit (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. Ideally located near Commercial Drive, transit, shopping, and recreation. Tenanted units 48 Hours Notice.
Taxes (2025): $9,619.63
Amenities
Shopping Nearby
Private Yard
Common Area
Features
Washer
Dryer
Dishwasher
Refrigerator
Stove
No Fire Sprinkler System
Partial Smoke Detector(s)
Listed By: Oakwyn Realty Ltd.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.