Turnkey investment opportunity in Vancouver's coveted Kitsilano! "Alma Beach Suites" is a beautifully restored 1912 character home featuring 7 fully furnished rental suites: 2 x 2-bed, 2 x 1-bed, 1 x 3-bed, and 2 studio. This profitable business boasts a stellar reputation, high cash flow, and an impressive 5% cap rate-rare for Vancouver. Located just two blocks from the ocean and steps from Kits Beach, West 4th dining, shopping, and transit. Includes 4 parking stalls and modern amenities like fully equipped kitchens and shared laundry. Offered as a combined property and business sale, this is a rare chance to own a thriving income-generating gem!
Address
2814 W 3rd Avenue
List Price
$4,695,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Structure Type
Residential Detached
Area
Vancouver West
Sub-Area
Kitsilano
Bedrooms
11
Bathrooms
8
Half Bathrooms
1
Floor Area
4,936 Sq. Ft.
Main Floor Area
1422
Lot Size
3960 Sq. Ft.
Lot Size Dimensions
33 x
Lot Size (Acres)
0.09 Ac.
Lot Features
Central Location, Cul-De-Sac, Recreation Nearby
Lot Size Units
Square Feet
Total Building Area
4936
Frontage Length
33
Year Built
1912
MLS® Number
R2987985
Listing Brokerage
Prompton Real Estate Services Inc.
| Rennie & Associates Realty Ltd.
Basement Area
None
Postal Code
V6K 1M7
Zoning
RT-8
Ownership
Freehold NonStrata
Parking
Open, Rear Access, Concrete
Parking Places (Total)
4
Tax Amount
$7,612.70
Tax Year
2024
Site Influences
Balcony, Central Location, Cul-De-Sac, Garden, Recreation Nearby, Shopping Nearby
Community Features
Shopping Nearby
Exterior Features
Garden, Balcony
Appliances
Washer/Dryer, Dishwasher, Refrigerator, Cooktop, Microwave
Interior Features
Storage
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air
Fireplace
Yes
Fireplace Features
Gas
Number of Fireplaces
7
Laundry Features
Common Area
Other Structures
Shed(s)
Levels
Three Or More
Number Of Floors In Property
3
Window Features
Window Coverings
Security Features
Smoke Detector(s), Fire Sprinkler System
View
Yes
View Type
English Bay from the Top Suite
Subdivision Name
Alma Beach
Schools
6 public & 7 Catholic schools serve this home. Of these, 4 have catchments. There are 2 private schools nearby.
Parks & Rec
3 tennis courts, 2 trails and 1 other facilities are within a 20 min walk of this home.
Transit
Street transit stop less than a 1 min walk away. Rail transit stop less than 4 km away.
