A Vancouver Special hit the market this week that could be a fantastic renovation project for Buyers looking to jump in, or tear the home down to re-build something new. The home is currently tenanted, making just over $3500/month, so there is still some value in the home and would give the new owners income while deciding what to do. The value is in the lot – likely worth about $1.45-million in the current market.
Our WeLoveEastVan agent Rob renovated is own Vancouver Special (only two blocks from this home) a few years ago. Give him a call at 604-727-7612 to chat renovations and Vancouver Specials, or check out his blog about the process: Vancouver Special Blog.
116 West 18th Ave
First – the location is fantastic. Technically on the West side of Vancouver, sitting in the first block past Manitoba, this home truly straddles the East and West. The streets are lush, with primarily single family homes. You’re less than a block to a fantastic little gem in the area: The Mighty Oak (a great coffee shop & grocery). You’re only three blocks west of one of the best parts of Main St and the Riley Park neighbourhood: in this stretch you’ll find a Shoppers Drug Mart, great restaurants (The Acorn!), an IGA not too far away and more. You’re three blocks East of Cambie St, which offers even more amenities, and the nearby Canada Line. Mount Pleasant Park is two blocks north of the home.
The school catchment is Simon Fraser Elementary and Eric Hamber Secondary.
Second – the house sits on a 33′ x 122′ RS-7 zoned lot on the south side of West 18th. This is a classic Vancouver Special, which means it’s likely well made and has good bones for a renovation. The current home is separated into two suites (upstairs and downstairs). There is no garage in the south facing backyard area, though there is a large patio. There are a couple large trees on the property as well.
First time on the market in over 30 years, here is your chance to update & renovate the classic Vancouver Special. Located on an excellent street in sought after Cambie Village location. Easy access to Cambie stores, theatre, restaurants, parks and transportation. Trendy Main Street is also only a short walk away. Sunny south side 33×122 RS-7 lot, offers perfect development opportunities. 3 bedrooms & 2 bath up, 2 bedrooms & 1 bath down. Currently rented both up & down offering solid income as a holding property. Newer high efficiency furnace and metal roof. Call for further info.
For more information on the property: 116 W 18th Ave. First showings of this property are Thursday February 19th from 10:30 am to 12pm, call us for more information.