New Listing! 3 Unit House Near Commercial Drive

1869 william grandview commercial drive east vancouver house

For Sale: 1869 William St

We are so happy to present this gorgeous and updated character house for sale in one of Vancouver’s best neighbourhoods: Commercial Drive.

List Price $1,998,000
Type House
Units 3
Lot Size 33 x 122
Built In 1904
Living Area 3072 sq.ft.
Bedrooms 6
Bathrooms 4 full, 2 half

OPEN HOUSE ON THURSDAY, APRIL 6, 2017: 6:00 PM – 7:00 PM

OPEN HOUSE ON SATURDAY, APRIL 8, 2017: 2:00 PM – 4:00 PM

OPEN HOUSE ON SUNDAY, APRIL 9, 2017: 12:00 PM – 2:00 PM

The House

This is a one of a kind, 6 bedroom home over 4 levels with 3 separate suites. The lot size is a standard 33′ x 122′ lot just east of Commercial Drive. This house was lovingly owned by one of the top builders in the city, so just about everything (expect the charm) has been re-done since 2012 in the house, including the roof (2017), foundation, drain tile, electrical, plumbing, irrigation system, basement windows, and renovations in all 3 suites. The garage was converted into a studio space in 2014 and is perfect to use as an independent office. The front and back yards have an irrigation system.

This house is perfect for investors (generating over $100,000 a year) or a great opportunity to live in and rent out the extra suites as mortgage helpers. It’s already an established business – one that runs itself with a host who runs it entirely and takes only 10% of profits. Gross revenue for the first 12 months is $65k (they have rented it for the last 7 months and the next 5 months are already booked, which is how the full year of revenue is projected). The other two suites bring in $35k / year and the tenants pay 60% of the utilities.

Main Floor

The main floor has 2 bedrooms and 1 bathroom with a gorgeous living space upstairs that features an outdoor kitchen on the patio and a 3rd bedroom on the upper (loft) floor. The main floor has an HRV system, radiant heat and built in speakers. Note that the bedrooms for this are featured on the “Main Floor Secondary Suite” floor plan below.

1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house

Main Floor Secondary Suite

The main floor also offers access to a secondary 1 bedroom, 1 bathroom suite with separate rear entry. This can be used as a mortgage helper, or extra space, depending on what suites your family. Note that the floor plan below has the two bedrooms attached to the Main Unit.

1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house

Garage

The garage was fully renovated into a fantastic office space with large windows and a calm atmosphere. It features radiant heat and built in speakers.

1869 william grandview commercial drive east vancouver house

Lower Level

The lower level offers a third suite with 2 bedrooms and 1 bathroom, gorgeous character details, good ceiling height and an open floor plan.

1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house
1869 william grandview commercial drive east vancouver house