Kitsilano Half Duplex: 2721 West 5th Ave (at Macdonald)
This Kitsilano Half Duplex is one of the cheapest half duplexes in the neighbourhood, especially given the size and extra features of the unit.
The home was built in 2014, with 1570sqft on three levels. The main floor has the kitchen, dining and living area, along with access to a back patio and a powder room. Upstairs is two bedrooms, each with an ensuite bathroom. Downstairs is one of the best features of the home – currently a self contained bachelor suite – this area can be reconnected to the rest of the home with the installation of a door on the wall between the suite and the stairs to the lower level. This suite offers the new owners the ability to rent out (whether on a long term rental or via short term, AirBnB style rentals) in order to earn some money, or if it’s connected to the rest of the home, the suite can be a third bedroom and extra living space (with a small kitchen).
Along with the interior space, this unit has full access to the backyard space (expect for the pathway leading from the garage to the front for the other owner). This gives the owners enough space to use for a garden, larger patio, grassy area or a combination of the three. Also in the back of the house is a single car garage, with parking in front of the garage as well.
The backyard faces a lane (which is shared with Commercial units on West 4th Ave, including the Naam restaurant). The home is a block away from West 4th and Macdonald, which is close to other amenities and restaurants, and is only a few blocks to grocery stores and more shops and restaurants.
The unit was a new build, so the extra 5% GST is a consideration in the price, but who pays the GST can be negotiated between the Buyer and the Seller. GST and other tax considerations are always a very confusing aspect of any transaction, so it is always best to get legal and tax advice from professionals on this matter.