1648 - 1654 FRANCES Street Vancouver - V2A 2H7

$ 3,188,000 VANCOUVER
A smart investment in a vibrant community Firstly, Frances Four offers a collection of custom-designed urban homes directly off Commercial Drive. Three newly renovated apartment suites in the main
  • Address:
    1648 - 1654 FRANCES Street Vancouver
  • Postal Code: V2A 2H7
  • MLS® Number: R2027279
  • Year Built: 2014
  • Size: 2647
  • Frontage Size: 33
  • Depth Size: 122
  • Style: Fourplex
  • Lot Size: 4026
  • Bedrooms: 7
  • Bathrooms: 4.5
  • Tax: 4,800.00
  • Tax Year: 2015
  • Amenities: In Suite Laundry
  • Features: Clothes Washer/Dryer/Fridge/Stove/DW, Drapes/Window Coverings
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Property Description

A smart investment in a vibrant community

Firstly, Frances Four offers a collection of custom-designed urban homes directly off Commercial Drive. Three newly renovated apartment suites in the main house along with a single family, 3 bedroom, two bathroom coach house. In addition, the suites range from 850sf to 1115sf, comprised of two-2 bedroom suites and two-3 bedroom suites, making a total of 4 suites with an annual rental income of $102,660 and expenses of $15,550 annually, producing a net operating income of $87,110. Designed and constructed by Radec Group, a local builder with a track record of quality projects. This investment holds exceptional value and long term asset appreciation. Comfortable, timeless interiors along with clean-lined finishings and high quality, custom wood-grain cabinetry. Finally a full appliance package in each suite.