3012 3018 VANNESS AVENUE

Collingwood VE Vancouver East V5R 4Z8

3012-3018 VANNESS AVENUE. Solidly built, 6 years old freestanding building with street-level retail on the main floor and residential apartments upstairs. Conveniently located in the Collingwood area on Vanness Avenue & Earles Road and steps to the 29th SkyTrain Station. There are 2 commercial units (approximately 630 SqFt and 450 SqFt), 4 residential units (two 2-bedrooms and two 1-bedroom), 5 parking stalls with gated security and a bicycle/storage room. This well constructed 4,346 SqFt three-storey building has masonry and hardie-board walls, a concrete and steel podium between the first and second floors, wood frame construction on the second and third floors, quality vinyl windows and a torch-on roof. The stabilized net income is approximately $50,000/year. This low maintenance, trouble-free, easy-to-manage property will last for years to come. Ideal for small business user/owner. Live upstairs, work downstairs, & collect stable income. Better cashflow than investing in a detached home!