794/796 E12th Ave, Vancouver – vancouver real estate
794/796 E12th Ave, Vancouver

794/796 E12th Ave, Vancouver

$1,680,000.00

 Attention Investors! Corner lot, 3 revenue streams in this renovated home bringing peace of mind with extensive renovations: h/e furnace, on-demand h/w, updated plumbing, electrical, new kitchens, new bathrooms, flooring, windows, roof, siding, insulation and drywall. Rental rates: $1450 (1br), $3,200 (4br), $3,800 (5br). $8,450 gross revenue.

40% downpayment  - $756k - $3,947 monthly payments - less taxes = $4,990/month positive cash flow
50% downpayment - $840k - $3,598  monthly payments - less taxes = $4,365/month positive cash flow.
 *based on 2.10 interest rate, 25yr amortization

 

Lot Size                      4,026 (33 x 133)
Total Fin St Ft (est)     3, 057
#BR                            10
#Baths                        5
#Kitchens                   3
Taxes                         $5,844('20)

 

Do not approach property direct. ALL appointments necessary. COVID-19 safety protocols are a priority.

 

School Catchment

Elementary - Florence Nightingale
Secondary - Sir Charles Tupper

 

PROPERTY REPORT

MOUNT PLEASANT REAL ESTATE STATS

 

 

The intent of  District Schedule RT-5 RT-5N is to strongly encourage the retention and renovation of existing character houses by providing incentives such as increased floor area, additional dwelling units, and additional relaxation provisions. New development has an emphasis on preserving consistency with existing lot patterns, and compatibility with neighbourhood character while also providing variety in housing choices.