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:17816)
| MLS® Number | R3114362 |
| Property Type | Single Family |
| Amenities Near By | Shopping |
| Features | Central Location |
| Parking Space Total | 1 |
| 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 Sqft |
| Type | House |
| 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
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