This is a freehold strata hotel investment. The management is Westin Grand Hotel. It is totally a hands free investment. The management deducts all expenses (including strata fee, property tax, repairs and maintenance etc) from the pooled gross income. Every month the management will deposit into your bank account of your share of the net income. For 2018, the accumulated income for this suite is $40,000 or 5% net return. Owner can occupy his suite for upto 2 months in a year.
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.