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Property Description

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.

Overview

Property Status
Pending
Date Sold
April 24, 2026
Lot Size
5,750 Sq.Ft.
MLS ID
R3113532
Property Type
Multi-Family
Year Built
1925

Features & Amenities

Stories
1
Water Source
Public
Roof
Asphalt
Parking
Open
Heat Type
Baseboard, Electric, Forced Air
Appliances
Washer/Dryer, Dishwasher, Refrigerator
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Balcony
Sales Price
$3,000,000 CAD
Real Estate Tax
$15,575 CAD/yr
Zoning
RM-4

Downloads

Vancouver

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