1015 E Broadway Brochure.pdf
1015 East Broadway, Vancouver Incredible Value-add Opportunity in Mount Pleasant VCC-Clark SkyTrain Stn
Broadway-Commercial SkyTrain Stations
East Broadway
Located one-block from Vancouver Community College; and, within a 10-minute walk of three SkyTrain Stations offering access to both the Expo and Millennium Lines
$1,750,000 CONTACT PATRICK McEVAY FOR FURTHER DETAILS 604.267.2455 | [email protected]
Selling Apartment Buildings as if they were our own!
RE/MAX Bill Goold Realty www.BillGooldRealty.com
410 – North Tower, 650 West 41st Avenue, Vancouver, BC V5Z 2M9 Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
Third
TYPE Room Room Room
MONTHLY RENT $335 $375 $350
3B 3M 3F 4 5 6A 6B
Suite Room Room Suite Suite Room Room
$500 $275 $300 $500 $675 $300 $300
7A 7B 8 9
Room Room Suite Suite
$375 $375 $600 $675
10 11 12 TOTAL
1 Bedroom 1 Bedroom Suite 17
$675 $450 $350 $7,410
CIVIC ADDRESS: NEIGHBOURHOOD: PROPERTY IDENTIFIER: LEGAL DESCRIPTION:
Second
UNIT NUMBER 2A 2B 2C
Main
POTENTIAL: CMHC RENT ROLL [1]
Third
Second
Main
CURRENT RENT ROLL
UNIT NUMBER
TYPE
CMHC RENT
1
1 Bedroom
$987
2
1 Bedroom
$987
3
Bachelor
$889
4
Bachelor
$889
5
1 Bedroom
$987
6
1 Bedroom
$987
7
Bachelor
$889
8
Bachelor
$889
9
1 Bedroom
$987
10
1 Bedroom
$987
TOTAL
10
$9,478
[1] Based on converting building back to 10 dwelling units as currently authorized by the City of Vancouver. Projected rents based on average CMHC statistics.
1015 East Broadway, Vancouver, BC V5T 1Y5 Mount Pleasant 014-116-227 Lot 22 Block 115 Plan VAP442 District Lot 264A Land District 36 AMD (EXPL PL 3821), & PL VAP1771
ZONING: LOT SIZE: YEAR BUILT: CONSTRUCTION TYPE: 17 RESIDENTIAL UNITS:
RM-4N – Multiple Family Dwelling
PROPERTY TAXES (2014):
$5,773.88
ASSESSMENT JULY 2014:
BILL GOOLD REALTY
4,127 sq.ft. 1908 3-storey wood frame 17- Housekeeping Suites (Authorized for 10 Dwelling Units) Land Improvement Total
$872,000 $683,000 $1,555,000
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
Financial Evaluation ACTUAL (17 units) YEARLY
YEARLY PER UNIT
% OF EGI
POTENTIAL: CMHC (10 units) YEARLY PER UNIT
YEARLY
% OF EGI
REVENUE Rental Income [1]
$5,231
Laundry
$88,920 $0
$11,374
$0
$113,736 $1,800
Parking
$0
$0
$960
$96
Storage
$0
$0
$3,600
$360
$5,231 $26
$120,096 $569
$12,010
Less: Vacancy 0.50%
$88,920 $445
EFFECTIVE GROSS INCOME
$88,475
$5,204
$119,527
$11,953
Property Taxes
$5,918
$348
6.69%
$5,918
$592
4.95%
Insurance
$7,248
$426
8.19%
$7,248
$725
6.06%
$11,750 $1,175.05 $726 $72.60
9.83%
Gross Income
$180
$57
EXPENSES
Utilities
$11,750
Licence
$726
Cable
[2]
$1,608
$691 13.28% $43 0.82% $95
1.82%
$0
$0
0.00%
$750
6.27%
Repair & Maintenance [3]
$12,750
$750 14.41%
$7,500
TOTAL EXPENSES
$40,001 $2,353.01 45.21%
$33,143
TOTAL NET INCOME
$48,474
$86,385
Asking Price Cap Rate
0.61%
$1,750,000 $102,941 2.77%
$3,314 27.73%
$1,750,000 $175,000 4.94%
[1] Current rent roll x 12. Actual 2014 rental income was $71,197. [2] Removed cable in projected expenses. [3] Normalized R&M to $750/unit. Actual 2014 cost was $42,517.
BILL GOOLD REALTY
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
1015 E Broadway
Mount Pleasant is uniquely known as Vancouver’s ‘hilltown’, bridging the west and east sides of the city. Mount Pleasant has the reputation of being a hub for creative activities and cultural and artistic expression. Home to four distinctive shopping quarters, Mount Pleasant has a wide variety of amenities available. Tenants are in proximity to both Commercial Drive and Main Street shopping, as well as a variety of ethnic restaurants at the intersection of East Broadway and Fraser Street, which is only a 5-minute walk from the Property. The Property is just a few blocks away from the main transportation corridor along Commercial Drive, which provides tenants access tox the SkyTrain station and the 99 B-Line bus route. Transportation to downtown Vancouver is a 6-minute ride along the Millennium or Expo SkyTrain Line from Commercial-Broadway Station. Burrard Inlet and the scenic Seaside Bicycle Route leading to Granville Island are a short walk away. Tenants are also close to Science Wold, The Vancouver Flea Market, and China Creek Park. Mount Pleasant is one of Vancouver's up-and-coming neighbourhoods making this investment opportunity one that cannot be overlooked.
BILL GOOLD REALTY
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
Broadway-Commercial SkyTrain Stations
East Broadway
Located one-block from Vancouver Community College; and, within a 10-minute walk of three SkyTrain Stations offering access to both the Expo and Millennium Lines
$1,750,000 CONTACT PATRICK McEVAY FOR FURTHER DETAILS 604.267.2455 | [email protected]
Selling Apartment Buildings as if they were our own!
RE/MAX Bill Goold Realty www.BillGooldRealty.com
410 – North Tower, 650 West 41st Avenue, Vancouver, BC V5Z 2M9 Each office independently owned and operated. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to independently confirm its accuracy and completeness.
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
Third
TYPE Room Room Room
MONTHLY RENT $335 $375 $350
3B 3M 3F 4 5 6A 6B
Suite Room Room Suite Suite Room Room
$500 $275 $300 $500 $675 $300 $300
7A 7B 8 9
Room Room Suite Suite
$375 $375 $600 $675
10 11 12 TOTAL
1 Bedroom 1 Bedroom Suite 17
$675 $450 $350 $7,410
CIVIC ADDRESS: NEIGHBOURHOOD: PROPERTY IDENTIFIER: LEGAL DESCRIPTION:
Second
UNIT NUMBER 2A 2B 2C
Main
POTENTIAL: CMHC RENT ROLL [1]
Third
Second
Main
CURRENT RENT ROLL
UNIT NUMBER
TYPE
CMHC RENT
1
1 Bedroom
$987
2
1 Bedroom
$987
3
Bachelor
$889
4
Bachelor
$889
5
1 Bedroom
$987
6
1 Bedroom
$987
7
Bachelor
$889
8
Bachelor
$889
9
1 Bedroom
$987
10
1 Bedroom
$987
TOTAL
10
$9,478
[1] Based on converting building back to 10 dwelling units as currently authorized by the City of Vancouver. Projected rents based on average CMHC statistics.
1015 East Broadway, Vancouver, BC V5T 1Y5 Mount Pleasant 014-116-227 Lot 22 Block 115 Plan VAP442 District Lot 264A Land District 36 AMD (EXPL PL 3821), & PL VAP1771
ZONING: LOT SIZE: YEAR BUILT: CONSTRUCTION TYPE: 17 RESIDENTIAL UNITS:
RM-4N – Multiple Family Dwelling
PROPERTY TAXES (2014):
$5,773.88
ASSESSMENT JULY 2014:
BILL GOOLD REALTY
4,127 sq.ft. 1908 3-storey wood frame 17- Housekeeping Suites (Authorized for 10 Dwelling Units) Land Improvement Total
$872,000 $683,000 $1,555,000
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
Financial Evaluation ACTUAL (17 units) YEARLY
YEARLY PER UNIT
% OF EGI
POTENTIAL: CMHC (10 units) YEARLY PER UNIT
YEARLY
% OF EGI
REVENUE Rental Income [1]
$5,231
Laundry
$88,920 $0
$11,374
$0
$113,736 $1,800
Parking
$0
$0
$960
$96
Storage
$0
$0
$3,600
$360
$5,231 $26
$120,096 $569
$12,010
Less: Vacancy 0.50%
$88,920 $445
EFFECTIVE GROSS INCOME
$88,475
$5,204
$119,527
$11,953
Property Taxes
$5,918
$348
6.69%
$5,918
$592
4.95%
Insurance
$7,248
$426
8.19%
$7,248
$725
6.06%
$11,750 $1,175.05 $726 $72.60
9.83%
Gross Income
$180
$57
EXPENSES
Utilities
$11,750
Licence
$726
Cable
[2]
$1,608
$691 13.28% $43 0.82% $95
1.82%
$0
$0
0.00%
$750
6.27%
Repair & Maintenance [3]
$12,750
$750 14.41%
$7,500
TOTAL EXPENSES
$40,001 $2,353.01 45.21%
$33,143
TOTAL NET INCOME
$48,474
$86,385
Asking Price Cap Rate
0.61%
$1,750,000 $102,941 2.77%
$3,314 27.73%
$1,750,000 $175,000 4.94%
[1] Current rent roll x 12. Actual 2014 rental income was $71,197. [2] Removed cable in projected expenses. [3] Normalized R&M to $750/unit. Actual 2014 cost was $42,517.
BILL GOOLD REALTY
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
1015 East Broadway, Vancouver
1015 E Broadway
Mount Pleasant is uniquely known as Vancouver’s ‘hilltown’, bridging the west and east sides of the city. Mount Pleasant has the reputation of being a hub for creative activities and cultural and artistic expression. Home to four distinctive shopping quarters, Mount Pleasant has a wide variety of amenities available. Tenants are in proximity to both Commercial Drive and Main Street shopping, as well as a variety of ethnic restaurants at the intersection of East Broadway and Fraser Street, which is only a 5-minute walk from the Property. The Property is just a few blocks away from the main transportation corridor along Commercial Drive, which provides tenants access tox the SkyTrain station and the 99 B-Line bus route. Transportation to downtown Vancouver is a 6-minute ride along the Millennium or Expo SkyTrain Line from Commercial-Broadway Station. Burrard Inlet and the scenic Seaside Bicycle Route leading to Granville Island are a short walk away. Tenants are also close to Science Wold, The Vancouver Flea Market, and China Creek Park. Mount Pleasant is one of Vancouver's up-and-coming neighbourhoods making this investment opportunity one that cannot be overlooked.
BILL GOOLD REALTY
Patrick McEvay | Bill Goold | Ray Townsend | James Blair | David Venance | Margaret Zheng
