1386 West 11th Avenue, Vancouver.pdf
BUILDING SUMMARY th
1285 Martin Street, White Rock APARTMENT BUILDING FOR SALE
1386 West 11 Avenue Vancouver, BC
LISTED PRICE
$2,300,000 Property Highlights: Suite Mix: 9 Units 4 – Bachelor | 4 – 1 Bedroom | 1 – 1 Bedroom + Den
• • • •
Prime South Granville Location Walking Distance to Shops & Restaurants Character Building Easy to Manage
Bill Goold | James Blair | Patrick McEvay | David Venance
CONTACT PATRICK MCEVAY FOR FURTHER DETAILS 604-263-2823 | [email protected] 410 – North Tower , 650 West 41st Avenue Vancouver, BC V5Z 2M9
RE/MAX Bill Goold Realty billgooldrealty.com Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY
1386 West 11th Avenue, Vancouver
CIVIC ADDRESS
1386 West 11th Avenue Vancouver, V6H 2V5
PID
013-546-805
NEIGHBORHOOD
Fairview
LEGAL DESCRIPTION
Plan VAP2659 Amended Lot B Block 392 DL 526 LD 36
LOT SIZE
50’ x 125’ (6,250 sq. ft.)
9 RESIDENTIAL UNITS
4- Bachelor 4- 1 Bedroom 1- 1 Bedroom + Den
CHATTLES
9 Fridges, 9 stoves, 1 washer, 1 dryer
ZONING
RM-3 Multiple Family Dwelling
CONSTRUCTED
1912
PROPERTY TAXES 2014
$7,555
ASSESSMENT 2014
Land Improvements Total
PARKING
5 covered stalls
$1,674,000 $ 472,000 $2,146,000
UNIT DESCRIPTION “The Greenwood Lodge” is a three storey apartment building located in a prime area of Vancouver, walking distance to Granville Street shops and restaurants, transportation and minutes to downtown. It has a new roof that was installed in 2010 and covered parking for five vehicles. There is a columned, covered front entrance with character glass doors that bring in natural light. The foyer has stained glass windows, is carpeted and has wood paneling, mail boxes, character chair rails and very high ceilings throughout the hallways. There is a gas fired Twin Lennox forced air furnace to heat the building and a separate Universal commercial hot water tank that was replaced in September 2012 for the domestic hot water. The electrical boxes are fuses and the building has been upgraded with smart meters. There once was an oil tank which has since been removed. The laundry room has a washer and dryer that are owned by the building and there are 9 storage lockers for the tenants. There is also a large storage room for the owner as well as a workshop. The ground floor has one unit, the second and third floors each have four units. They all have smoke and heat detectors (which were upgraded to photoelectric in 2003), doorbells and lots of storage space. Suites have carpet throughout, except the kitchens which are either fir or lino floors. Kitchens also have 24” gas stoves, 24” frost free fridges, and refurbished kitchen cabinets. Some units also have built in china cabinets. Bathrooms have pedestal sinks, mosaic tile counter tops, claw tubs and built in cabinets with glass doors. There is also a nice private back yard for the tenants to enjoy.
1386 West 11th Avenue, Vancouver
RENT ROLL
1386 West 11th Avenue, Vancouver
September 2014 UNIT
UNIT TYPE
SQUARE FOOTAGE
MONTHLY RENT
1
1 Bedroom + Den
636
1,045
101
1 Bedroom
546
995
102
1 Bedroom
546
1,050
103
Bachelor
381
835
104
Bachelor
381
850
201
1 Bedroom
546
1,040
202
1 Bedroom
546
1,025
203
Bachelor
381
820
204
Bachelor
381
825
4,344
$8,485
TOTAL
FINANCIAL SUMMARY
REVENUE Rental Income Laundry (estimated) Parking (estimated) Gross Revenue Less: Vacancy (1%) EFFECTIVE GROSS INCOME EXPENSES Business Liscense Garbage Gas Hydro Insurance Miscellaneous Expenses Property Taxes Repair & Maintenance Water and Sewage TOTAL EXPENSES NET INCOME Asking Price Gross Rent Multiplier
1386 West 11th Avenue, Vancouver
$ YEARLY
$ YEARLY/UNIT
101,820 1,620 3,000 106,440 (1,018) 105,422
11,313 180 333 11,827 (113) 11,714
585 687 7,450 437 2,919 5,256 6,827 6,193 1,395 31,749
65 76 828 49 324 584 759 688 155 3,528
$73,672 $2,300,000 21.82
$255,555
NOTES: The above Annual expenses do not include management fees, payroll, vehicle or office expenses. This property is run from a central office where the payroll covers various services including centralized caretaking, maintenance and additional repairs. Purchasers are advised to seek independent advice regarding operating costs of similar buildings before making an offer to purchase.
NEIGHBOURHOOD
1386 West 11th Avenue, Vancouver
10, N10, 9, 99-Bline, 14, 16
Restaurants| Bars| Coffee Shops Vij’s Siena Restaurant Starbucks The Marquis
Groceries Sun On Market Meinhardt Fine Foods Supplement Garden Shopping West Broadway Shopping Pacific Center Granville Island
Parks Granville Park Shaughnessy Park Choklit Park
Errands | Entertainment The Waterfall Building Elan Fine Art Limited Scotiabank Pharmasave Bill Goold | James Blair | Patrick McEvay | David Venance
604-263-2823 | [email protected]
Date prepared: October 1, 2014
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.
1285 Martin Street, White Rock APARTMENT BUILDING FOR SALE
1386 West 11 Avenue Vancouver, BC
LISTED PRICE
$2,300,000 Property Highlights: Suite Mix: 9 Units 4 – Bachelor | 4 – 1 Bedroom | 1 – 1 Bedroom + Den
• • • •
Prime South Granville Location Walking Distance to Shops & Restaurants Character Building Easy to Manage
Bill Goold | James Blair | Patrick McEvay | David Venance
CONTACT PATRICK MCEVAY FOR FURTHER DETAILS 604-263-2823 | [email protected] 410 – North Tower , 650 West 41st Avenue Vancouver, BC V5Z 2M9
RE/MAX Bill Goold Realty billgooldrealty.com Selling Apartment Buildings as if they were our own!
BUILDING SUMMARY
1386 West 11th Avenue, Vancouver
CIVIC ADDRESS
1386 West 11th Avenue Vancouver, V6H 2V5
PID
013-546-805
NEIGHBORHOOD
Fairview
LEGAL DESCRIPTION
Plan VAP2659 Amended Lot B Block 392 DL 526 LD 36
LOT SIZE
50’ x 125’ (6,250 sq. ft.)
9 RESIDENTIAL UNITS
4- Bachelor 4- 1 Bedroom 1- 1 Bedroom + Den
CHATTLES
9 Fridges, 9 stoves, 1 washer, 1 dryer
ZONING
RM-3 Multiple Family Dwelling
CONSTRUCTED
1912
PROPERTY TAXES 2014
$7,555
ASSESSMENT 2014
Land Improvements Total
PARKING
5 covered stalls
$1,674,000 $ 472,000 $2,146,000
UNIT DESCRIPTION “The Greenwood Lodge” is a three storey apartment building located in a prime area of Vancouver, walking distance to Granville Street shops and restaurants, transportation and minutes to downtown. It has a new roof that was installed in 2010 and covered parking for five vehicles. There is a columned, covered front entrance with character glass doors that bring in natural light. The foyer has stained glass windows, is carpeted and has wood paneling, mail boxes, character chair rails and very high ceilings throughout the hallways. There is a gas fired Twin Lennox forced air furnace to heat the building and a separate Universal commercial hot water tank that was replaced in September 2012 for the domestic hot water. The electrical boxes are fuses and the building has been upgraded with smart meters. There once was an oil tank which has since been removed. The laundry room has a washer and dryer that are owned by the building and there are 9 storage lockers for the tenants. There is also a large storage room for the owner as well as a workshop. The ground floor has one unit, the second and third floors each have four units. They all have smoke and heat detectors (which were upgraded to photoelectric in 2003), doorbells and lots of storage space. Suites have carpet throughout, except the kitchens which are either fir or lino floors. Kitchens also have 24” gas stoves, 24” frost free fridges, and refurbished kitchen cabinets. Some units also have built in china cabinets. Bathrooms have pedestal sinks, mosaic tile counter tops, claw tubs and built in cabinets with glass doors. There is also a nice private back yard for the tenants to enjoy.
1386 West 11th Avenue, Vancouver
RENT ROLL
1386 West 11th Avenue, Vancouver
September 2014 UNIT
UNIT TYPE
SQUARE FOOTAGE
MONTHLY RENT
1
1 Bedroom + Den
636
1,045
101
1 Bedroom
546
995
102
1 Bedroom
546
1,050
103
Bachelor
381
835
104
Bachelor
381
850
201
1 Bedroom
546
1,040
202
1 Bedroom
546
1,025
203
Bachelor
381
820
204
Bachelor
381
825
4,344
$8,485
TOTAL
FINANCIAL SUMMARY
REVENUE Rental Income Laundry (estimated) Parking (estimated) Gross Revenue Less: Vacancy (1%) EFFECTIVE GROSS INCOME EXPENSES Business Liscense Garbage Gas Hydro Insurance Miscellaneous Expenses Property Taxes Repair & Maintenance Water and Sewage TOTAL EXPENSES NET INCOME Asking Price Gross Rent Multiplier
1386 West 11th Avenue, Vancouver
$ YEARLY
$ YEARLY/UNIT
101,820 1,620 3,000 106,440 (1,018) 105,422
11,313 180 333 11,827 (113) 11,714
585 687 7,450 437 2,919 5,256 6,827 6,193 1,395 31,749
65 76 828 49 324 584 759 688 155 3,528
$73,672 $2,300,000 21.82
$255,555
NOTES: The above Annual expenses do not include management fees, payroll, vehicle or office expenses. This property is run from a central office where the payroll covers various services including centralized caretaking, maintenance and additional repairs. Purchasers are advised to seek independent advice regarding operating costs of similar buildings before making an offer to purchase.
NEIGHBOURHOOD
1386 West 11th Avenue, Vancouver
10, N10, 9, 99-Bline, 14, 16
Restaurants| Bars| Coffee Shops Vij’s Siena Restaurant Starbucks The Marquis
Groceries Sun On Market Meinhardt Fine Foods Supplement Garden Shopping West Broadway Shopping Pacific Center Granville Island
Parks Granville Park Shaughnessy Park Choklit Park
Errands | Entertainment The Waterfall Building Elan Fine Art Limited Scotiabank Pharmasave Bill Goold | James Blair | Patrick McEvay | David Venance
604-263-2823 | [email protected]
Date prepared: October 1, 2014
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.
