1072 E 55th Ave, Vancouver, BC | MLS^® R3059993 Property Details

South Vancouver Character 4 Unit Income Property on 33’x110’ South R1-1 Lot in quality neighbourhood of many Newer Homes. House 2922 SF 3 levels in good condition w updated Kitchens, Baths, Electrical. Good long term Tenants w no vacancies. Top 720 SF 1 Bdrm & Den, Main 1050 SF 3 Bdrm, Down 700 SF 2 Bdrm & Den, Plus a 325 SF Studio Suite. There are 3 Gas Meters, 4 H/W Tanks, 4 Elec. Meters, Big Double Garage w sep Bays & Power (rented) & 1 Open Parking. Gr Inc $5,903/mo, $70,836/yr below market. Potentials: Gr Inc $7,700/mo, $92,400/yr, Cap Rate 5%. 1st Class Investment & Great Building Site for New Home w Laneway. Perfect for Owner Occupiers & Shared Ownership with lots of Mtg Help. Showing by Appt w 2 Day Notice. Call LS for Info Pkg, Flr Plan. Showing Mon Dec 1 @ 11:00am by Appt Call.

General Info

Price $1,598,000

Total Bedrooms 8

Total Bathrooms 4

Half Bathrooms 0

Floor Area Total (sqft) 2922

Lot Size 3630

Lot Size Depth Feet

Lot Size Frontage 33

Basement Full, Finished, Exterior Entry

Basement Features BasementFeatures

Property Metrics

Year Built 1910

Age Of Building 115

Building Type Single Family Residence

Property Type Residential

Stories 2

Building Features BuildingFeatures

Structures Residential Detached

Additional Details

MLS^® # R3059993

Area Vancouver East

Neighbourhood South Vancouver

City Vancouver

Gross Taxes $5,687.27

Ownership Type Freehold NonStrata

Maintenance Fee -

Heating & Cooling

Fireplace 0

Heating Type Electric, Hot Water, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected

Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Water (WaterSource) Public

Parking

Parking Type Garage Double, Open, Lane Access, Rear Access

Total Parking Spaces 3

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Strata Restrictions -

Rental Restrictions -

Zoning R1-1

Rental Suites -

# of Kitchens 3

Foundation Concrete Perimeter

Locker -

View -

View Description -

Units In Development -

Exterior Features Balcony

Sewer Public Sewer, Sanitary Sewer, Storm Sewer

Roof Asphalt

Property History

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Status	Date	Price

Rooms

Floor	Type	Dimensions
Main Level	Living Room	14'3 x 14'3 ft
Main Level	Library	11'11 x 11'11 ft
Main Level	Bedroom	12'7 x 12'7 ft
Main Level	Bedroom	10'6 x 10'6 ft
Main Level	Bedroom	10'5 x 10'5 ft
Main Level	Bedroom	12'6 x 12'6 ft
Main Level	Laundry	6'2 x 6'2 ft
Main Level	Foyer	7'6 x 7'6 ft
Above Level	Living Room	14'11 x 14'11 ft
Above Level	Kitchen	10'10 x 10'10 ft
Above Level	Bedroom	11'7 x 11'7 ft
Above Level	Den	9' x 9' ft
Above Level	Storage	5'6 x 5'6 ft
Below	Living Room	11'5 x 11'5 ft
Below	Kitchen	11'4 x 11'4 ft
Below	Bedroom	11'2 x 11'2 ft
Below	Bedroom	11'8 x 11'8 ft
Below	Den	9'3 x 9'3 ft
Below	Kitchen	8'5 x 8'5 ft
Below	Eating Area	7' x 7' ft
Below	Bedroom	13'2 x 13'2 ft
Below	Utility	10'5 x 10'5 ft

Bathrooms

Floor	Ensuite	Pieces
Main Level	No	#4
Above Level	No	#4
Below	No	#4
Below	No	#4

Listed by: RE/MAX Real Estate Services

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS^® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Secondary

John Oliver Secondary School

1.61 km

Elementary

Walter Moberly Elementary School

Average

0.45 km

5.8/10

Information includes BC Government Open License data; school details change often and are offered solely as general guidance.

Private Schools

Elementary

St. Andrew's

1.21 km

Secondary

Royal Canadian College

2.89 km

Closest Transit

Bus Stop

Southbound Knight St @ E 53 Ave

0.5 km

Skytrain

Skytrain @ Langara-49Th Stn

2.47 km

Noise/ Power Lines

Road/Hwy Noise

Possible

Railway/Sky train Noise

Unlikely

Airport/Port Noise

Unlikely

Close to major Power Lines

Unlikely

Other

Agricultural Land Reserve (ALR)

Unlikely

Flood Area

Unlikely

Close to Cemeteries

Unlikely

Welcome to 1072 E 55th Avenue, a stunning property located in the heart of Vancouver, BC (MLS^® R3059993).

As we step into this beautiful home, let's talk about the fantastic schools serving the area. Just down the road, you'll find Walter Moberly Elementary School, a highly-rated institution with a 5.8/10 rating, which is conveniently located just 0.45 km from this property (MLS^® R3059993). This school is a top choice for families, and we can see why – its proximity to this home makes it an ideal option for kids.

In addition to Walter Moberly, John Oliver Secondary School is also nearby, with a rating of No Rating, and is located 1.61 km from this property. For those seeking an independent school option, St. Andrew's Elementary is just 1.21 km away, with a No Rating, while Royal Canadian College Secondary is 2.89 km from here, also with a No Rating.

Now, let's discuss the safety and security of the area. According to the 2020 crime statistics from Statistics Canada, this neighborhood has an overall crime rate of 7,470.82, which is considered Average compared to other Canadian cities. The rate per 100,000 population is a useful metric to understand the level of crime in the area. In this case, it's Average, which gives you peace of mind when considering this property (MLS^® R3059993).

Breaking down the crime statistics further, we see that the drug crime rate is Average, with 229.49 incidents per 100,000 population, and a year-over-year change of 1.58%. Property crimes in the area are Above Average, with 5,020.27 incidents per 100,000 population, a significant decrease of -20.80% year-over-year. Violent crime rates are Below Average, with 1,311.69 incidents per 100,000 population, and a year-over-year change of 3.53%.

Now, let's talk about transportation options. Just a short 0.5 km from this property (MLS^® R3059993) is the Southbound Knight St @ E 53 Ave bus station, making it easy to get around the city without a car.

In terms of demographics, this neighborhood has a diverse population. 18.3% of residents have a university certificate or degree, which is Average compared to other BC neighborhoods. However, 24.6% of the population has no certificate or degree, which is Above Average. The median household income is $63,872, which is Average compared to the BC average. Interestingly, the median personal income is $24,149, which is Low compared to the BC average.

Looking at the housing market, the average value of dwellings in this neighborhood is $1,480,765, which is High compared to other areas in British Columbia. The average owner payments are High, with owners spending $1,669 on their dwellings. Tenants, on the other hand, are paying $1,022, which is Average compared to other cities.

Regarding the population, 45% of residents are renters, which is Above Average compared to other BC cities and areas. English and French speakers make up 3.3% of the population, which is Low, while English speakers only make up 87.2%, which is Below Average. Neither English nor French speakers make up 9.3% of the population, which is High.

Finally, let's talk about transportation options. 31.2% of the population uses public transport, which is High, while 63.2% use cars, which is Low. 1.8% use bicycles, which is Above Average, and 2.5% walk, which is Below Average.

In summary, 1072 E 55th Avenue (MLS^® R3059993) is a fantastic property located in a diverse and vibrant neighborhood in Vancouver, BC. With its proximity to top-rated schools, Average crime rates, and a range of transportation options, this property is an excellent choice for families and individuals alike.