About 3008 Clark Drive
Cash-flowing East Vancouver triplex with projected NOI of $88,000 and a strong 4.40% cap rate. Offered with vacant possession, all three fully upgraded units can be leased at market rents immediately. Includes two spacious 2-bed + flex suites and a studio with private entry, on a 4,396 SF RT-2 corner lot. Features include sprinklers, separate meters, dual furnaces, two hot water tanks, shared laundry, dry storage, and North Shore mountain views. Built in 1955 and modernized throughout, the property is ideal for investors or owner-occupiers seeking stable yield with future redevelopment upside in a high-demand, transit-connected rental corridor.
Property Details of 3008 Clark Drive
| Price | $1,698,000 |
|---|---|
| Year Built | 1955 |
| Stories in Building | 2 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Floor Levels | 2 |
| Main Floor | 940 sqft |
| Total Size | 2,330 sqft |
| Bedrooms | 4 |
| Full Baths | 3 |
| Heating | Baseboard, Forced Air |
| Basement | Full, Partially Finished, Exterior Entry |
| Title to Land | Freehold NonStrata |
| Property Taxes | $3,027 |
Amenities and Features
| Parking Type | Additional Parking |
|---|---|
| View | North Shore Mountains |
Lot Size
| Lot Area | 4,396 |
|---|
Listing Details
| MLS® # | R2955008 |
|---|---|
| Status | Active |
| Listing Date | January 10th, 2025 |
| Address | 3008 Clark Drive |
| Subdivision | Grandview Woodland |
| Area | Vancouver East |
| Province | BC |
| Listing Office | Multifamily Real Estate Services Corporation |