Investment Property, East Vancouver

CAN$331,000

601 – 2468 East Broadway, Vancouver

A beautifully updated unit with large decks and mountain views that required 50% down payment due to unfinished water leak repairs in the building envelope. The unit is move-in ready and highly rentable if desired. The location is near the Skytrain and adjacent to bus routes and a high school, with spacious gardens and an outdoor pool. A variety of building recreation facilities and plenty of sunlight in large courtyards provides an attractive amenity package. This building is involved in a strategy for dealing with the water issues, therefore requiring a large down payment.

Listing Info:

  • Dwelling Type: Apartment/Condo
  • Property Type: Residential Attached
  • Home Style:     1 Storey
  • MLS® Num:        R2197117
  • Bedrooms:       2
  • Bathrooms:       2.0
  • Year Built:         1994
  • Floor Area:       983 sq. ft.
  • Lot Size:             983 sq. ft.

Our Comments:

This was a great investment opportunity for a client who was willing to come up with a large down payment. The building envelope issues were well known to ourselves and we were able to accurately reflect the situation to our client, including the likelihood of a strata wrap-up and sale for redevelopment, due to the building envelope status. The potential investment return was very attractive and our client was happy with the advice on the potential for redevelopment plans from the City’s perspective, as ascertained by our staff.

NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.

This property was listed by RE/Max City Realty.

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