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Apartment Building For Sale at 4355 GRANVILLE STREET in Vancouver, British Columbia

4 Sale ID #197990
Updated 30 Apr 2024

Asking Price

$6,500,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Discover an exceptional investment opportunity in the heart of Shaughnessy: the iconic York House School site, established in 1934. This historic gem has been expertly updated with over $1M in modern enhancements, perfectly merging its rich legacy with contemporary luxury. Situated on a sprawling 8,678 sq ft corner lot, enveloped by verdant, tree-lined streets and neighboring multimillion-dollar homes, it epitomizes prime real estate. The property boasts a versatile 4-level design, featuring a licensed 18-child care facility on the lower level and an exquisite arrangement of 6 bedrooms and 6 baths, promising a lucrative income stream. Located mere blocks from prestigious institutions like York House, this is more than an investment'it's a prestigious offering in Vancouver's best!! (id:39198)

  • MLS® : #C8056958
  • Date Listed : 23 Jan 2024

Location

Province

British Columbia

City

Vancouver

Address

4355 Granville Street

Postal Code

V6H3L6

Location Highlights

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Listed by

eXp Realty British Columbia listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

4,631

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$6,500,000

Asking Price

$6,500,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

4,631

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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