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Location! Location! 2 Bed 1 Bath condo nicely renovated and flexible (kids, pets, rentals all allowed) - this home has it all. This property boasts...
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- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8051552
- Bus Major:
- Accommodation Travel & Tourism
- Bus Minor:
- Hotel/Motel
- Build. Type:
- Mixed Use
- Photos (11)
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Downtown eastside 4 story low rise SRO hotel with 36 rooms, plus one retail store. lot size 3050sf, total useable space 12000sf plus unfinished 3000sf basement. Net operating income is about 395K per year.
- Sale Type:
- Asset or Share
- Sublease:
- No
- Total space avail for lease:
- 0 sq. ft.
- Business Name:
- Summer Hotel
- Major Bus Type:
- Accommodation Travel & Tourism
- Minor Bus Type:
- Hotel/Motel
- Bus Op Since:
- 1910
- Construction:
- Wood Frame, Post & Beam
- Building Type:
- Mixed Use, Commercial Mix, Residential Mix
- # Units:
- 36
- # Other Units:
- 0
- # of Appartments:
- 36
- # of Studio Appartments:
- 36
- # of Penthouse Appartments:
- 0
- # of Bachelor Appartments:
- 36
- # of 4+ Bedroom Appartments:
- 0
- # of 1 Bedroom Appartments:
- 0
- # of 2 Bedroom Appartments:
- 0
- # of 3 Bedroom Appartments:
- 0
- # Storeys:
- 4.0
- Year built:
- 1910 (Age: 113)
- Total Floor Area:
- 0 sq. ft.
- Lot Area:
- 3,050 sq. ft.
- Lot Depth:
- 122
- Lot Frontage:
- 25'
- Land Use/Zoning:
- DEOD
- Permitted Use:
- Mixed Use, Multifamily (5+)
- Taxes:
- $18,173.6 / 2022
- Alarm System, Emergency Lighting, Laundry Facility, Storefront
- # Elevators:
- 0
- Services Connected:
- Cable, Fully Serviced, Garbage Collection, High Speed Internet Svc at Lot Line, Natural Gas, Sewer - Storm
- Water Supply:
- Municipal
- HVAC:
- Hot Water, Radiant
- Roof:
- Tar & Gravel, Torch-On
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Not Applicable
- Cap Rate %:
- 1.0
- Other Income:
- $0
- Effective Gross Income:
- $430,000
- Gross Income:
- $390,000
- Oper. Expenses:
- $40,000
- Net Operating Income:
- $390,000
- Condo Fee:
- $0
- Original Price:
- $6,757,000
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Listed by LeHomes Realty Premier
Data was last updated June 7, 2023 at 04:35 AM (UTC)
- MASON OSKOEI
- Le Homes Realty
- 1 (604) 7208001
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.