
RARELY available SOUTH facing large, modern, and open 1 bedroom in V6A with bright, expansive views! Absolutely great as a home OR an investment (see proforma attached below), in a well-built 2009-constructed concrete Onni building featuring a GREAT gym, 24hr concierge, parking and storage. No worries about natural light here with windows spanning the whole width of the unit including the sunny-yet-covered balcony, and with no building looking back at you close-in, you get tons of privacy. Modern appliances, concrete floors, crisp and plentiful cabinetry, lots of storage, insuite laundry, generously sized bathroom, overheight ceilings... SUCH a funky, low maintenance, practical home!
The location, where Strathcona meets Mt. Pleasant and False Creek, is eclectic and vibrant with absolutely endless urban options in every direction... personal training and fitness studios plus multiple eateries and cafes in the same block, False Creek OR Yaletown and the Seawall a block or two west, the Brewery district and shops of Main Street just up the hill in Mt. Pleasant, Chinatown and Gastown just a few blocks north, Skytrain to all points beyond steps away, downtown and the stadiums an easy stroll over the Georgia Viaduct, and so much more.
Whether you enjoy living here for years and then decide to rent it out or are a savvy investor looking for your next portfolio addition, the upcoming completion of the new St. Paul's Hospital is absolutely bound to provide an ideal tenant pool to draw from, making V6A (particularly the desirable s. side of V6A) exceptional value for a long term hold. And though it may still be years before the major area developments that are in the planning stages with the city happen, when they do it will further enhance the investment appeal. Reasonable initial expectations as an investment property with a 20% downpayment can be close to cash flow neutral with in internal rate of return around 10-12% and cap rate of 3.6%+, with good upside as the area further develops.