1. Vancouver, 5 suites in 2 houses on a double (6400 square foot) lot in the Mount Pleasant part of East Vancouver. We have owned the property for 10 years and have steadily increased the rents. They currently gross $89,000 per year and we are looking at raising rents for 3 of the 5 suites on September 1st.
The cap rate is 4%. Price $1,688,000.
2. Chilliwack, 2 bedroom townhouse in Chilliwack $179,900. Rent is $1,200 – leaving a positive monthly cash flow of $285.