EXCEPTIONAL INVESTMENT OPPORTUNITY: THREE DETACHED HOMES ON ONE LOT WITH 5 INCOME-GENERATING SUITES! Producing $179,136 in gross annual income ($14,728/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.
List Price
$2,998,800
Property Type
Residential Income
Type of Dwelling
Other
Structure Type
Multi Family
Transaction Type
Sale
Area
Vancouver West
Sub-Area
Kitsilano
Bedrooms
13
Bathrooms
6
Floor Area
4,583 Sq. Ft.
Main Floor Area
2369
Lot Size
5750 Sq. Ft.
Lot Size Dimensions
50 x 115
Lot Size (Acres)
0.13 Ac.
Lot Features
Central Location, Lane Access
Lot Size Units
Square Feet
Total Building Area
4583
Frontage Length
50
Year Built
1925
MLS® Number
R3113532
Listing Brokerage
RE/MAX Crest Realty
Basement Area
Finished, Exterior Entry
Zoning
RM-4
Ownership
Freehold NonStrata
Parking
Open, Lane Access
Parking Places (Total)
1
Tax Amount
$15,575.40
Tax Year
2025
Site Influences
Balcony, Central Location, Lane Access, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Stove
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Baseboard, Electric, Forced Air
Levels
Two
Number Of Floors In Property
2
Window Features
Window Coverings
Security Features
No Fire Sprinkler System, Smoke Detector(s)