Multiple Unit Home for Sale in Kitsilano
Perfect for Investors or Large Families
|Living Area||3365 sq.ft.|
|Bathrooms||4 full, 2 half|
If you’re looking for a home with multiple suites to bring in some monthly income while you pay down the mortgage – this is a great option. Built in 2006 as a legal triplex, this one has a 3 bedroom suite 2.5 bathroom, a 2 bedroom suite 1.5 bathroom and a 1 bedroom suite. Choose to live in one of the units and rent out the others, or rent them all out. The 1 bedroom suite is on the ground level and would be great for a student or young professional. The 2 and 3 bedroom suites are each a good size, and with modern amenities like hardwood floors, granite counters, a great backyard and a parking space in the garage, it has what renters are looking for in a home. Considering that the home was built in 2006, it still has 2 years left on the remaining home warranty.
There is a possibility to stratify these units, which means you can create separate and legal homes that you can sell off individually, while the entire building becomes a three unit strata corporation (currently, only one person can own the building and has to rent out the other units). There are a few options to stratify the unit, including turning it into a proper half duplex (with a front and bath 3 bedroom unit) or turning it into 3 units as they are now. This triplex was built by GH Street Ltd, a Vancouver developer.
As you can see from the floor plan;
- the 3 bedroom suite faces the backyard, and has living space on each of the three levels of the home, including 2 bedrooms, 1 bathroom and laundry upstairs, the living space and a powder room downstairs and a bedroom, living area and bathroom downstairs
- the 2 bedroom suite takes up the main and upper level with the 2 bedrooms and 1 bathroom upstairs, the living space and powder room on the main level and the laundry (shared with the one bedroom suite) on the lower level
- the 1 bedroom, 1 bathroom suite takes up the rest of the lower level, and can become part of the two bedroom suite if the owner desires.
The location is fantastic – only a block to West 4th Ave where you can find great restaurants (La Quercia – one of the city’s best), an IGA Marketplace, and good transit options. You’re also not far to the shops and amenities on West 10th, Jericho Beach and more. This home is in the Bayview Elementary School Catchment, and isn’t far from West Point Grey Academy.
Realtor’s Remarks: Take advantage of this rare opportunity to own a complete North of 4 Legal Triplex in Pt. Grey. Comprised of one 3 bdrm suite, one 2 bdrm & 1 garden level 1 bdrm suite. The owner occupies the 3 bdrm unit & rent out the other 2 suites for an average of $7000@month! The house was completed in 2006 & still has the balance of the New home warranty. All of the suites have hardwood flooring throughout, granite counters & marble baths. The entire yard is fenced & professionally landscaped incl. a new raised garden in the back yard. The 2 car garage has separate doors & alarms. The home is on the New Seaside bike route and just blocks from the beach. Possibility to stratify.
For more information and photos: 3668 West 3rd Ave.
Photos of 3668 West 3rd Ave
Photos of the 3 bedroom suite:
Photos of the 2 bedroom suite:
Photos of the ground level 1 bedroom suite: