2003 5 Ave NW

Exciting Investment Opportunity! This exceptional side-by-side duplex presents a prime prospect for investors. Situated in the heart of West Hillhurst, this property boasts four separate suites (with basements considered illegal), making it an attractive rental income-generating asset. Enjoy the convenience of walking distance to schools, parks, shopping, and more. The duplex sits on a generous 63 x 129ft (8000+ sqft) RC-2 lot, making it an excellent long-term investment or with city approval, a great opportunity to build a 2, 3, or 4plex. Each side of the duplex features upper levels with 2 bedrooms and full 4-piece bathrooms with over 3200 sqft of developed living space. The lower levels are spacious and bright, showcasing large windows and offering an additional 2 bedrooms and full 4-piece bathrooms. Each duplex side shares a laundry area, adding to the convenience for tenants. This property has been well maintained by an onsite tenant/property manager for over 20 years, ensuring that the units and the building are in excellent condition. Although the units have a dated aesthetic, they offer immense potential for updates and renovations, allowing for increased rental value with modernization. The current tenants are on short leases, providing flexibility for potential buyers. The exterior of the building is in great shape, with the added benefit of an oversized 24x28 double detached garage and gravel parking pads on either side. Contact your preferred real estate agent for more information on this remarkable investment opportunity!