2452 2472-2492 BALSAM STREET, Vancouver
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:62865)
Status
Active
Year Built
1925
Property Type
House
Ownership
Freehold
Parking Spaces
1
Annual Tax
$15,575
Tax Year
2025
Parcel Number
800-185-222
Data Source
Greater Vancouver REALTORS®
Bedrooms
13
Bathrooms
6
Living Area
4583 square feet
Architectural Style
2 Level
Basement
Finished
Appliances
Lot Size
5750.0 sqft
Frontage
50.0 feet
Lot Features
Heating
Baseboard heaters, Forced air, Electric
$2,998,800
Office
RE/MAX Crest Realty
Loan Amount:
$2,399,040
Estimated Monthly Payment:
$11,691
This is an estimate for informational purposes only. Consult with a financial advisor.
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