$3,488,000

For sale

3706 West KING EDWARD Avenue, Vancouver - Multi-family for Sale

3706 West KING EDWARD Avenue, Vancouver, British Columbia, V6S1M7

7 beds3 baths3 parking4,030 ft²6,628 sq ft (0.15 ac) lot sizeListed 57 days ago

Overview

This multi-family property in Vancouver is for sale offering roughly 4,030 sq ft of space. It has been on the market 57 days, fresher than the Vancouver average of 93 days.

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Description

QUIET WEST OF DUNBAR. 3 suite rental property. Home extensively rebuilt & renovated. In 1984 the upper floor was rebuilt on permit. Current owner completed another $250,000 in renovations incl new exterior, windows, flooring, roof, fireplace, main & upper kitchens, main & upper baths, decks, built-in vacuum. Oversized double garage is EV ready. Lower floor is at ground level w/2 bdrms, a kitchen, and full bathroom. Main floor has 2 bdrms, a kitchen, and full bathroom. Upper floor was converted in the 1990s to a self-contained 3 bdrm suite that is a LEGAL SUITE for the life of the building. Current owner occupies the first two floors as a single family home. Potential rents: Up $4,500, Main $3,500, Down $2,500, Garage $500, Ttl $11,000/mo or $132,000/yr. (id:66096)

Property Details

MLS®: R3162680
Property Type: Multi-family
Bedrooms: 7
Bathrooms: 3
Half Baths: 0
Parking: 3
Interior Size: 4,030 ft²
Lot Size: 6,628 sq ft (0.15 ac)
Frontage: 50 ft
Year Built: 1925
Ownership: Freehold
Property Tax: $12,921.9/yr
Listed: 57 days ago

Features

Appliances: All, Central Vacuum
Lot Features: Central location

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Vancouver listings, avg age

93d

Price / ft²

$866

List price

$3.49M

Haho

This 7-bed multi-family in Vancouver has been listed for 57 days, which is 36 days fresher than the city average of 93. Act while there is still low competition.

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Listed by Sutton Group-West Coast Realty · Walter Wells

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$3,488,000· $866/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $697,600

Min 20%50%

Mortgage payment$14,875/mo

Property tax (est.)$1,077/mo

Total monthly$15,952

Cash Needed to Close

Down payment (20%)$697,600

Land transfer tax$82,640

Est. closing costs$12,964

Total cash needed$793,204

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