Business Type: Multi-Family
Date Listed: Sat, Jan 25, 2020
Property Tax: N/A
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Property Description for 302 - 1647 EAST PENDER ST
Constructed in 2016, The Oxley is a modern white-brick boutique residence located just steps from trendy Commercial Drive. This exceptional investment opportunity features a portfolio of five contemporary studio loft rental units on an amalgamated single title. All thoughtfully designed, each unit features an open concept floorplan, polished concrete floors, custom imported Italian kitchens with integrated appliances, custom built-in storage and cabinetry, with sleek and modern bathrooms. With historically low vacancy rates hovering at approximately 1.1% in Metro Vancouver and strong upward rental pressure, this is a strategic, low maintenance investment opportunity in a highly desired rental market. Situated in a newer strata-titled development, this investment offers excellent in-place income with robust upside, with the unique benefit of minimal capital expenditure exposure. Please contact Listing Agent for further information.