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2452 2472-2492 BALSAM STREET, Vancouver

MLS® #R3114362
About this Property

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)

Property Information

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®

Interior Details

Bedrooms

13

Bathrooms

6

Living Area

4583 square feet

Architectural Style

2 Level

Basement

Finished

Appliances

All
Exterior & Lot

Lot Size

5750.0 sqft

Frontage

50.0 feet

Lot Features

Central location
Building & Utilities

Heating

Baseboard heaters, Forced air, Electric

$2,998,800

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
13Beds
6Baths
4583sqft
Listing Courtesy of

Office

RE/MAX Crest Realty

Mortgage Calculator
$599,760

Loan Amount:

$2,399,040

Estimated Monthly Payment:

$11,691

This is an estimate for informational purposes only. Consult with a financial advisor.