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1437 E 10th Ave, MULTI-UNIT INVESTMENT HOUSE – GRANDVIEW WOODLAND NEIGHBOURHOOD

Purple house with front steps and trees, 1437 E 10th Ave, Grandview Woodland house
Aerial view of residential neighborhood.
Aerial view of residential neighborhood.

This property is ideal for two types of buyers: someone looking for a beautiful home with the added benefit of strong rental income from additional suites, or an investor seeking an exceptional revenue-generating property in a prime Vancouver location.

1437 E 10th Ave is a clean, well-kept property in Grandview-Woodland featuring 4 self-contained suites. Live in one suite and rent the others, or hold it as a full income property with impressive cash flow. The home has been well maintained with many updates over the years, and all suites are currently occupied by friendly, quality tenants.

Located just steps to Queen Alexandra Elementary and close to Cedar Cottage Park and China Creek South Park, this home also puts you within easy walking distance of Commercial Drive. Enjoy one of Vancouver’s most vibrant neighbourhoods, known for its multicultural character, independent cafés, restaurants, and shops. Contact agent for interior photos and more details.

Investment property financial summary showing current income, expenses and cap rate.


Investment Property Overview

Income & Expense Summary

4-suite rental building plus garage & laundry income  Â·  Listed at $1,849,800

Annual Income

Suite 1 2 bed · $2,395.00/mo$28,740.00
Suite 2 2 bed · $2,316.00/mo$27,792.00
Suite 3 2 bed · $2,173.50/mo$26,082.00
Suite 4 1 bed · $1,181.00/mo$14,172.00
Garage $350.00/mo$4,200.00
Laundry $150.00/mo$1,800.00
Total Annual Income$102,786.00

Annual Operating Expenses

Hydro$2,024.15
Fortis$3,357.04
Property Tax$9,488.84
Repairs & Maintenance estimate$4,000.00
Business Licence$392.00
Insurance$4,302.40
Management self-managed$0.00
Total Annual Expenses$23,564.73
Net Operating Income
$102,786.00 − $23,564.73
$79,221.27 / yr
Cap Rate 4.28% NOI ÷ Price

List Price: $1,849,800

Net Operating Income: $79,221.27

$79,221.27 ÷ $1,849,800 = 4.28%

Figures based on current rent roll and actual/estimated annual operating costs. Excludes mortgage financing, capital expenditures, and vacancy allowance. Buyer to verify all income and expenses independently.


Note: If you’re interested in learning more about this home, contact us for a private showing. We have a catalogue of photos showing the interior suites and all rental agreements with tenants.

Overgrown backyard with shed and chairs
Detailed multi-level house floor plan, 1437 E 10th Ave

Contact us today if you would like to receive more information about this investment home. Jacob Krause is the leading East Vancouver Realtor, helping clients buy and sell real estate. If you’re considering selling, Jacob would like to hear from you!