Invest in Cash Flow - Main & Fraser -

Invest in Cash Flow – Main & Fraser

406 East 49th Ave, Vancouver

WOW! What a phenomenal investment opportunity… Entire property CURRENTLY RENTED for $8,400/month – that’s over $100,000/year! (CAP RATE over 3.5% – really good for Vancouver!) 11 bedrooms, 8 bathrooms, 4 kitchens, and a large 49′ wide corner lot just minutes to Langara College and with easy bus access to UBC! Welcome to this well-kept 14 year old home just blocks to the Westside, right in between popular Main and Fraser Streets. Walk to shopping, cafes, great restaurants, Langara Golf Course, and the fabulous Sunset Community Centre and Arena. Don’t forget, the Canada Line (Downtown – Richmond & Airport) is nearby too! Very close to elementary and secondary schools. The primary residence boasts large rooms, lots of windows, a gas fireplace, granite countertops, stainless steel appliances including a gas range, wood cabinets, detailed craftsmanship, and modern features. All bedrooms are nice and big and each offer ensuite bathrooms. Enjoy the South-facing back yard with a functional covered deck, and BONUS – a fantastic rooftop patio! Great rental options with 2 basements suites and a 3 year new 2 bedroom laneway house! This is the perfect opportunity for a large family seeking a nice home with incredible mortgage helpers, want space for extended family, or a cash-flow investor who would continue to rent out all 4 residences. Call today for tenancy details.

ASKING: $2,651,000

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FLOOR PLAN available upon request.
For more details, floor plan, and showing availability…

Floor Plan

MLS#: R2188001
Year Built: 2003
Style: 2 Storey + BSMT + Laneway
Kitchens/Suites: 4

Lot Dimensions: 48.90′ x 125.40′
Lot Size: 6,132 SF
Feature: Corner Lot
Back Exposure: South

Interior: 4,525 SF
Beds: 11
Baths: 8 (7 Full)
Garage: 1 Parking + 2 Bed Laneway House