HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 2,598,000

Est. payment | -/mo

3,049 Sqft Lot

Save

$ 2,598,000

Est. payment | -/mo

Save

3,049 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type Asset

MLS Listing ID C8073870

Year Built 1912

Lot Size 3,049 Sqft

Property Sub-Type Multi Family

Property Description

Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey character building (1912) features a large street-front retail unit and 16 Single Room Accommodation (SRA) rooms above, including 6 with private washrooms. Solid structure with recent roof work completed (2020) and rear steel staircase (replaced in 2022). Approx. $171,000 gross and $136,000 net income when fully leased/rented (5.23% cap rate). Exceptional location steps to transit, downtown, and the new St. Paul's Hospital. Reliable income property with value-add and redevelopment potential.

Location

Province BC

Community Strathcona

Area Vancouver East

Zoning HA-1A

Interior

Heating Baseboard, Electric

Cooling Electric

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Street Lighting, Sidewalk

Roof Type Rolled/Hot Mop

Street Surface Paved

Total Parking Spaces 3

Building

Story 3

Sewer Public Sewer, Storm Sewer

Water Public

Others

Restrictions None Known

Ownership Freehold

221 E Georgia ST Vancouver, BC V6A 1Z6