For Sale · Vancouver · Business

$159,000

1124 COMMERCIAL DRIVE, Vancouver

1,455

Sq Ft

About This Home

The details.

Located at 1124 Commercial Drive in one of Vancouver's most vibrant, high-foot-traffic districts, The Lotus House offers a rare, fully renovated turnkey opportunity combining a tattoo studio, salon, and barbershop into one booming lifestyle brand. Spanning 1,455 square feet of completely modernized space, this impeccably designed business features 12 new chairs, 4 of which are securely leased out to bring in a guaranteed $2,600/month in passive rental income, while the remaining stations are operated by a skilled team of commission-based employees. Backed by an established online presence, a secure long-term lease option, and the massive competitive advantage of dedicated client parking at the rear, this high-visibility gem is perfectly positioned for immediate cash flow and effortless scalability. (id:66635)

Summarizing the highlights...

MLS® C8080198Listing courtesy of Woodhouse RealtyView on map Street view

Property Details

Facts & features.

Property type: Business
Size: 1,455 sqft
Lot size: 1,455 square feet
MLS number: C8080198
Data source: Greater Vancouver REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$744

$127,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$744

Cash flow

-$744

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Vancouver right now

1,595

Active listings

1,707

New this week

$909,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Vancouver.

Household and demographic stats for Vancouver, from the Statistics Canada 2021 Census.

662,248
Population (2021): 39.6
Median age: 305,335
Households: 2.1
Avg household size: 45.5%
Home ownership: $82,000
Median household income

Vancouver neighbourhood guide Full census profile Vancouver market trends

Source: Statistics Canada 2021 Census, Vancouver, City (CY).

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

St Francis of Assisi
independent · elementary
370 m
Lord Nelson Elementary
public · elementary
760 m
Templeton Secondary
public · secondary
800 m
Xpey' Elementary
public · elementary
820 m
Admiral Seymour Elementary
public · elementary
940 m
Grandview Elementary
public · elementary
990 m

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Similar Homes

Nearby homes like this one.

Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.