Turnkey investment opportunity in Vancouver's coveted Kitsilano! "Alma Beach Suites" is a beautifully restored 1912 character home featuring 7 fully furnished rental suites: 2 x 2-bed, 2 x 1-bed, 1 x 3-bed, and 2 studio. This profitable business boasts a stellar reputation, high cash flow, and an impressive 5% cap rate-rare for Vancouver. Located just two blocks from the ocean and steps from Kits Beach, West 4th dining, shopping, and transit. Includes 4 parking stalls and modern amenities like fully equipped kitchens and shared laundry. Offered as a combined property and business sale, this is a rare chance to own a thriving income-generating gem!
Property Type:
Residential
Dwelling Type:
Single Family Residence
Home Style:
Three Or More Levels
Year built:
1912
(Age: 113)
Living Area:
4,936 sq. ft.459 m2
Building Area - Total:
4,936 sq. ft.459 m2
Levels:
Three Or More
Bedrooms:
11
(Above Grd: 11)
Bathrooms:
8.0
(Full:7/Half:1)
Taxes:
$7,612.7 /
2024
Lot Area:
3,960 sq. ft.368 m2
Lot Frontage:
33'10.1 m
Lot Details:
33 x
Outdoor Area:
Garden, Balcony
Plan:
VAP1661
Name of Complex/Subdivision:
Alma Beach
Construction Materials:
Frame Wood, Glass (Exterior), Wood Siding
No. Floor Levels:
3.0
Other Structures:
Shed(s)
Floor Area Fin - Above Main:
1,195 sq. ft.111 m2
Floor Area Fin - Above Main 2:
944 sq. ft.87.7 m2
Floor Area Fin - Main:
1,422 sq. ft.132 m2
Floor Area Fin - Total:
4,936 sq. ft.459 m2
Fireplaces:
7
Fireplace Details:
Gas
Patio And Porch Features:
Patio, Deck
Parking Features:
Open, Rear Access, Concrete
Parking:
Open
Parking Total/Covered:
4 / 0
Driveway:
Concrete Parking
Title to Land:
Freehold NonStrata
Storage
Garden, Balcony
Garden, Laundry In Common Area, Storage
English Bay from the Top Suite
Shopping Nearby
Smoke Detector(s), Fire Sprinkler System
3
Other Structures - Shed(s), Window Coverings, Smoke Detector(s), Fire Sprinkler System
Dishwasher, Refrigerator, Cooktop, Microwave, Laundry In Common Area, Storage
Listed by Prompton Real Estate Services Inc. and Rennie & Associates Realty Ltd.
Data was last updated April 25, 2025 at 03:35 PM (UTC)
Area Statistics
Listings on market:
177
Avg list price:
$1,698,000
Min list price:
$489,000
Max list price:
$21,980,000
Avg days on market:
30
Min days on market:
1
Max days on market:
276
Avg price per sq.ft.:
$1,189.38
These statistics are generated based on the current listing's property type
and located in
Kitsilano. Average values are
derived using median calculations.