Paul Toffoli Vancouver BC REALTOR® : Archived blog posts for : July 2023

I have sold a property at 855-861 PENDER ST E in Vancouver

Posted on July 26, 2023 by Paul Toffoli

Posted in Strathcona, Vancouver East Real Estate

I have sold a property at 855-861 PENDER ST E in Vancouver. See details here

This Strathcona property is one-of-a-kind, boasting 4 units in 2 houses on a single lot. It presents a great investment opportunity, generating an impressive $120,000 in annual gross revenue and a net operating income exceeding $102,000. Excellent value, priced at a 4.5% Cap Rate. The property has undergone numerous upgrades, including metal roofs, extensive landscaping, complete renovations of 2 units with new kitchens and bathrooms, and newer gas fireplaces / heaters in all units. The tenants are exceptional and would prefer to stay. Each unit features 2 bedrooms or 2 bedrooms with a loft.

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I have sold a property at 317 550 ROYAL AVE in New Westminster

Posted on July 15, 2023 by Paul Toffoli

Posted in Downtown NW, New Westminster Real Estate

I have sold a property at 317 550 ROYAL AVE in New Westminster. See details here

This quiet, top floor, South facing, 2 bedroom suite boasts partial river views & a spacious floor plan. Updated kitchen and bathroom with new cabinets, countertops, sinks and floor tiles. Updated lighting throughout. Spacious bedrooms. Rain screened building with proactive strata council. Upgrades include: pipes, balconies, siding (rain screen), boiler, roof and elevator. Central location, walking distance to shopping, restaurants and parks, plus easy access to transit, Skytrain & Douglas College.

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