2814 3rd Av W - Hospitality FOR SALE


Vancouver, BC V6K 1M7
$4,450,000 CAD
2814 3rd Av W, Vancouver, BC for Sale
$4,450,000 CAD
Hospitality - FOR SALE
1/46
null | 5.2% Cap Rate

2814 3rd Av W
Vancouver, BC V6K 1M7


HIGHLIGHTS

  • Fully updated inside over 2 decades for maximum income and minimum running costs.
  • The property is turn-key furnished rental, purchase price includes websites, marketing, systems, all furnishings.
  • High value land asset with upside, location, location, location.

OVERVIEW

Turnkey investment (property+business) opportunity in Vancouver's coveted Kitsilano! "Alma Beach Suites" is a beautifully restored 1912 character home featuring 7 fully furnished rental suites: 2 x 2-bed, 2 x 1-bed, 1 x 3-bed, and 2 studio. This profitable business boasts a stellar reputation, high cash flow, and an impressive 5% cap rate-rare for Vancouver. Located just two blocks from the ocean and steps from Kits Beach, West 4th dining, shopping, and transit. Includes 4 parking stalls and modern amenities like fully equipped kitchens and shared laundry. Offered as a combined property and business sale, this is a rare chance to own a thriving income-generating gem!

FOR SALE DETAILS

PRICE

$4,450,000 CAD

PRICE/SF

$902 CAD /SF

# OF ROOMS

10

PRICE/ROOM

$445,000 {currency}

CAP RATE

5.2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

-

YEAR BUILT

1912

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,960 SF

ZONING

RT-8

APN/PARCEL ID

006141358

ASK ABOUT THIS PROPERTY

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Research In ProgressResearch In ProgressMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.