Detached House with Suite Near Skytrain in East Vancouver!! Flip or Buy-and-Hold Opportunity!! Assigned

Just when you thought you were priced out of the Vancouver market, this East Van detached property has become available at a significant discount!! Both buy-and-hold Investors and flippers will love this 5-bedroom detached house, located just steps away from Skytrain. With 2300+ interior square feet, this property comes complete with a 2-bedroom mortgage helper suite on the main floor and the Investor can choose to rent the upstairs and down, or renovate one or both levels of the home and flip for a major profit!! 5 bedroom detached properties currently sell for $2,300,000 in Vancouver, and this is your chance to acquire a property in the city for significantly less than that!!

We are selling our assignable purchase contract.

Closing is August 31st, 2021
**As per our APS, the Buyer will have vacant possession of the property at 12:00 pm, one calendar day following the completion date.**

• 2-storeys (listed as 1-storey, as per BC assessment)
• 5 bedrooms
  • 2 bedrooms are located on the first floor
  • 3 bedrooms are located on the second floor
• 3 bathrooms
  • 1 bathroom is located on the first floor
    • 4-piece bathroom that features a modern mirror and shower head
  • 2 bathrooms are located on the second floor
    • The master bedroom features a 4-piece ensuite
    • Additional 4-piece bathroom on the second floor with a double vanity, however one sink in this bathroom will need to be replaced (as per Seller)
• Built in 1986
• Total floor area: 2355 sq ft (as per BC assessment)
  • First floor: 1136 sq ft (as per BC assessment)
  • Second floor: 1219 sq ft (as per BC assessment)
• Separate entrances:
  • Front door opens to main entrance way, with the option to go upstairs to the second floor suite, or to stay on the main floor suite
  • Door in the kitchen of the main floor suite leads out to the side of the property
  • There is a storage room located at the rear of the main floor that leads into the garage, as well as out to the back of the property
  • Door in the kitchen of the second floor suite opens out to the balcony/deck area, with stairs that lead down to the back of the property
• 2 fridges, 2 ovens, a dishwasher, a washer & dryer will all be included 
• Dining room and kitchen eating area on the second floor feature modern light fixtures
• Functional wood fireplaces on both the first and second floor
• Laundry room on the main floor also contains the HWT and furnace
• Flooring:
  • Both the main and second floor were updated with modern laminate in 2018 (as per Seller)
  • The stairs leading up to the second floor were updated with a mix of carpet and laminate in 2018 (as per Seller)
  • Tile throughout all of the bathrooms, as well as the second floor kitchen
  • Carpet throughout the main floor storage room
• 100 AMP breaker panel
• Gas furnace is original from 1986 (as per Seller)
  • Motor and burner were replaced in 2011 (as per Seller)
• HWT is owned, and was replaced in 2020 (as per Seller)
• All of the windows are original from 1986 (as per Seller)
• The property is fenced on each side, with one side being fenced in wood, and the other in chain link
• Stucco exterior
• On municipal services
• 1-car, attached garage with in-house access, located at the rear of the home and accessed from a laneway
  • There are 2 garage doors, however the garage will only fit 1 car plus some storage space
• 2-car parking on an asphalt driveway, located at the rear of the home and accessed from a laneway
• Lot size: 33 ft x 105 ft (as per BC assessment)
• Zoning: RT-11 (see HERE)
  • As per this zoning by-law, there are multiple permitted uses, that include but are not limited to: individual one-family dwellings, and one-family dwellings with a secondary suite (with or without a laneway house) — see HERE

UNIT BREAKDOWN
Main Floor Unit:

• Located on the main floor of the property
• Currently vacant
• 2 bedrooms
• 1 full bathroom
• Laundry room is located on the main floor
• Entrance is through either the front door on the main level, through the side door in the kitchen, through the door in the garage or the door at the back of the property

Second Floor Unit:

• Located on the second floor of the property
• Currently occupied by the Seller’s family, but will be vacant at 12:00pm, one day after closing 
• 3 bedrooms
• 2 full bathrooms
• Laundry room is located on the main floor
• Entrance is through either the front door on the main level, or through the door on the balcony which is accessed from the back of the property

• Cosmetic updating

Please click HERE for more pictures and information.