1620 MCLEAN DRIVE, GRANDVIEW-WOODLAND INVESTMENT PROPERTY WITH MULTIPLE RENTAL SUITES
Set in East Vancouver’s highly desirable Grandview-Woodland neighbourhood, this classic character home at 1620 MClean Drive offers the kind of investment profile that is increasingly hard to find: three separate 2-bedroom suites, thoughtful renovations throughout, separate laundry for each residence, and practical layouts designed for long-term livability. With its heritage charm, strong curb appeal, and flexible multi-suite configuration, the property delivers both the warmth of an established Vancouver home and the income potential investors look for in a high-demand rental market.
For buyers focused on investment real estate in Grandview-Woodland, this home stands out as a reliable revenue property in one of East Vancouver’s most consistently rentable neighbourhoods. The area’s walkability, transit access, community feel, and proximity to Commercial Drive make it especially appealing to tenants who want character, convenience, and connection to one of Vancouver’s most vibrant urban communities. Each suite has been designed to feel functional and comfortable, creating a strong foundation for stable rental income and long-term ownership.
Represented by Jacob Krause real estate team, this 1620 MClean Drive listing is backed by one of Vancouver’s most prominent marketing platforms for residential real estate. Jacob is recognized as a top Vancouver realtor and one of the highest-rated agents serving East Vancouver, with a proven track record in selling investment properties, income-generating homes, and character residences with rental suites. For sellers and buyers in the Grandview-Woodland neighbourhood, that experience brings a clear advantage in pricing, presentation, marketing, and negotiation.
Pro Forma financial breakdown – showing rental income & opportunity
Pro Forma income and expense analysis for a triplex investment property in Grandview-Woodland, East Vancouver, listed at $1,584,000.
Key financial metrics
Gross annual income
$90,000
$7,500 / month
Annual expenses
$15,963
Excl. mortgage
Net operating income
$74,038
Before debt service
Cap rate
4.67%
NOI ÷ $1,584,000
Projected rental income — market rents
| Suite | Type | Monthly rent | Annual income |
|---|---|---|---|
| Suite 1 Vacant | 2 Bedroom | $2,600 | $31,200 |
| Suite 2 Vacant | 2 Bedroom | $2,800 | $33,600 |
| Suite 3 Vacant | 2 Bedroom | $2,100 | $25,200 |
| Total | $7,500 / mo | $90,000 / yr | |
Expense breakdown
Income vs. expenses
* Pro forma figures are based on estimated market rents in Grandview-Woodland and should not be construed as guaranteed income. Buyers are encouraged to conduct independent due diligence.
investment property maintenance and upkeep – the difference over time
1620 Mclean Drive heritage-style home has benefited from extensive renovations over the years, giving investors the character and charm of an established East Vancouver property without the same level of maintenance concern often associated with older homes. Major updates include newer windows, furnace, roof, decks, electrical, flooring, lighting, appliances, kitchens, and bathrooms, creating a more efficient and reliable ownership experience.
These improvements can help reduce future maintenance costs, limit unexpected repairs, and make the property easier to manage over time. A well-renovated multi-suite home also tends to attract stronger tenants, support higher rental income, and create a more stable, lower-hassle investment for long-term ownership. Below are some images of the most renovated suite in the home.
choosing the right agent to market your vancouver revenue property
When selling a Vancouver revenue property, the right agent needs more than standard residential sales experience. Jacob Krause is one of the most qualified real estate agents in Greater Vancouver for marketing investment properties, multi-suite homes, and income-producing real estate.
With extensive experience selling revenue properties, Jacob understands how to position these homes properly and communicate their value to investors who are focused on rental income, tenant demand, long-term upside, and overall property performance.
His property management licence also gives him a deeper understanding of tenant considerations, landlord relationships, and the practical details that matter when buying or selling tenanted real estate. To view current investment properties in Vancouver or to discuss selling your own revenue property, contact Jacob Krause for a detailed and accurate value assessment.
