EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $176,736 in gross annual income ($14,528/month) with an attractive ~5% cap rate, this is a rare high-performing asset. Situated at 2452, 2472 & 2492 Balsam Street on a 5,750 sq ft corner lot (50’ x 115’) fronting Broadway, the property features three well-maintained and updated homes (circa 1925) offering 4,583 sq ft of living space, 13 bedrooms and 6 bathrooms. Five established tenancies provide stable cash flow with upside potential. Ideal for investors or long-term holding with future redevelopment potential. Ideal for investors, multi-family buyers, or those seeking a long-term holding property in a high-demand location with excellent income and future upside.
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Finished |
| Appliances Included | Washer/Dryer, Dishwasher, Refrigerator, Stove |
| Heating Type | Baseboard, Electric, Forced Air |
| # of Kitchens | 5 |
| Flooring | Wall/Wall/Mixed |
| Foundation | Concrete Perimeter |
| Exterior Features | Balcony |
|---|---|
| Roof | Asphalt |
| Structures | Residential Detached |
| Price | $2,998,800 |
|---|---|
| Total Bedrooms | 13 |
| Total Bathrooms | 6 |
| Full Bathrooms | 6 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 4583 |
| Year Built | 1925 |
| Age Of Building | 101 |
| Building Type | Single Family Residence |
| Property Type | Residential |
| Stories | 2 |
| Ownership Type | Freehold NonStrata |
| Community Features | Shopping Nearby |
| Utility Type | Community |
| Utility Sewer | Public Sewer |
| Water (WaterSource) | Public |
| Parking Type | Open, Lane Access |
| Total Parking Spaces | 1 |
| Rental Suites | Unauthorized Suite |
| Lot Size | 5750 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 50 |
| MLS® # | R3114362 |
| Area | Vancouver West |
| Neighbourhood | Kitsilano |
| City | Vancouver |
| Postal Code | V6K 3N1 |
| Gross Taxes | $15,575.4 |
| Zoning | RM-4 |
| Floor | Type | Dimensions |
|---|---|---|
| Below | Kitchen | 11'6 x 11'6 ft |
| Below | Dining Room | 12'4 x 12'4 ft |
| Below | Living Room | 9'3 x 9'3 ft |
| Below | Primary Bedroom | 11'4 x 11'4 ft |
| Below | Bedroom | 9'4 x 9'4 ft |
| Above Level | Kitchen | 11'7 x 11'7 ft |
| Above Level | Dining Room | 11'7 x 11'7 ft |
| Above Level | Living Room | 11'7 x 11'7 ft |
| Above Level | Primary Bedroom | 11'8 x 11'8 ft |
| Above Level | Bedroom | 11'8 x 11'8 ft |
| Below | Kitchen | 13'10 x 13'10 ft |
| Below | Bedroom | 12'4 x 12'4 ft |
| Below | Bedroom | 11'4 x 11'4 ft |
| Below | Bedroom | 11'0 x 11'0 ft |
| Below | Laundry | 8'0 x 8'0 ft |
| Above Level | Kitchen | 11'6 x 11'6 ft |
| Above Level | Dining Room | 11'6 x 11'6 ft |
| Above Level | Living Room | 11'6 x 11'6 ft |
| Above Level | Bedroom | 10'5 x 10'5 ft |
| Above Level | Bedroom | 11'3 x 11'3 ft |
| Above Level | Laundry | 5'7 x 5'7 ft |
| Below | Bedroom | 17'10 x 17'10 ft |
| Below | Bedroom | 11'4 x 11'4 ft |
| Below | Storage | 12'9 x 12'9 ft |
| Below | Laundry | 10'1 x 10'1 ft |
| Below | Utility | 9'0 x 9'0 ft |
| Above Level | Kitchen | 11'2 x 11'2 ft |
| Above Level | Dining Room | 14'5 x 14'5 ft |
| Above Level | Living Room | 11'2 x 11'2 ft |
| Above Level | Bedroom | 12'2 x 12'2 ft |
| Above Level | Bedroom | 11'1 x 11'1 ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Below | No | #5 |
| Above Level | No | #5 |
| Below | No | #3 |
| Above Level | No | #4 |
| Below | No | #3 |
Listed by: RE/MAX Crest Realty & RE/MAX Crest Realty
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 Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
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| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
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