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For new mortgages, if the downpayment or equity is less then 20% of the purchase price, the amortization cannot exceed 25 years and the maximum purchase price must be less than $1,000,000.
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1652 Frances Street, Vancouver
MLSยฎ: R2540971
3762
Sq.Ft.
6
Baths
10
Beds
4,026
Lot SqFt
2014
Built
Description
A smart investment in a vibrant neighbourhood. Four custom-designed, spacious legal suites directly off Commercial Drive. Three, two-bedroom suites in the main house plus studio suite - one suite per floor and a three-bedroom laneway house. High quality finishings, comfortable and timeless interiors designed and reconstructed in 2014. Many opportunities for this property - live, rent/combination of both - or stratify and hold/sell. This investment presents a 3.7% cap rate - financial statements available to pre-qualified parties. All suites currently rented - showings limited - call today for detailed information on this flexible living opportunity.
Taxes (2020): $6,531.17
Amenities
Bike Room
Garden
In Suite Laundry
Storage
Features
ClthWsh
Dryr
Frdg
Stve
DW

Listed By: RE/MAX Crest Realty
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.