New property listed in Grandview Woodland, Vancouver East, 1638 8TH AVE E in Vancouver, $3,199,000

Fantastic investment property with FUTURE DEVELOPMENT POTENTIAL. A rare opportunity to own this 4 level home with 4 separate suites in a highly convenient location off Broadway and Commercial. This spacious home is sitting on a large 50x122 sq ft lot and is currently generating $8250/month plus $200/month on average from the coin operated laundry machines which equals over $100,000 in annual income. The home had over $250,000 in renovations in 2005. Updated kitchen with beautiful cabinets, granite countertops, stainless steel appliances, new roof, windows and stucco are just a few updates to mention. All levels and the basement have separate entries, bathrooms and kitchens. 2 blocks from the skytrain station. Two garage spaces with lane access (one garage converted into a store/warehouse and the other garage generating additional rental income). Please call for more information.