A perfect investment property with the potential of a triplex building lot. Featuring a side by side duplex, effectively a 4plex building with 3 beds upstairs & 2 bathrooms on each side. The main floor offers 2 bedroom suite on each side. This property is walking distance to vibrant Lower Lonsdale, offers nice views and recent updates to both sides. Currently rented for approximately $69,600 annually with the potential of $80,400 annually. 50x120 ft lot with preliminary plans, surveys included for the rezoning application. All inquiries to be made at the city of North Vancouver.
Address
246 W 5th Street
List Price
$2,475,000
Sold Price
$2,450,000
Sold Date
25/05/2016
Property Type
Multifamily
Type of Dwelling
Duplex
Area
North Vancouver
Sub-Area
Lower Lonsdale
Bedrooms
10
Bathrooms
6
Floor Area
4,030 Sq. Ft.
Year Built
1977
MLS® Number
R2073089