yzfr1 wrote:eyesthebye2 wrote:I dont always have time for this. I assure you, if I did I can post multiple over asking sales.
1156 pender street east
2035sqft detached built 1925
25x122 RT-3 lot
Sold $1,570,000 on 13-MarchThis lovely 3 suite revenue property in Strathcona is steeped with character! On the main you will find a 2 bdrm suite w/ a large open master bdrm in the attic. Basement suite consists of a 1 bdrm & den w/ 8 ft ceilings. The cottage/coach house provides an additional 1 bdrm suite w/ radiant in-floor heating. Home was completely renovated in 2001 including: new plumbing, new roof & drain tiles, new gas & sewer line, new electrical and new slab in both the basement suite & in cottage/coach house. All 3 suites have their own washer/ dryer. Off the back porch is a beautifully landscaped south-facing back yard. Great block: steps from central Strathcona, schools, transit and recreation. One block to bike route. Listed By: SUTTON GRP-WEST COAST (BRDWY)
BTW this house was purchased May/6/2014 for $910,000
$1,570,000 - $910,000 = $660,000
A whopping 72% ROI / $220,000 a year.
Anyone with functional gray matter up there would know that a person doesnt need to pay taxes when they buy a house to live in and sell. You're allowed to rent out your own home as well And intelligent people know that agents dont make all that much in BC. Rates here are half of what they are in Ontario and most of the US.