604.362.2432

406 Union Street, Strathcona, Vancouver East

$2,595,000

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406 Union Street, Strathcona, Vancouver East
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Features

 
MLS®:C8075345
Type:Multi-Family Commercial
Lot Size:1,742 sqft
Taxes:$8399.01
 
Year Built:1910
 

About this Property

 

"About this Multi-Family Commercial in Strathcona, Vancouver East"

 

HIP-O Building Cool Strathcona 3 Storey 15 Unit Historic lncome Bldg near Chinatown, mins D/T, 1 Block to new St Paul Hospital. The 4500 SF Bldg + 1500 SF unfin Bsmt reno'd in 2016-2019 Main Flr has 3 S/C Suites; 2nd & 3rd Flrs Each contain 6 furnished single rooms Each w sink vanity & bed. Also Each Flr has modern kitchen, 2 baths, common area. The 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Character Bldg, very upgraded, sprinklered, redone plumbing, elec, flrs, kitchs, roof, baths. Income $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed & maintained w good Tenants. Great hands off investment, or great for non-profit housing! Seller consider VTB 2nd mortgage to Qualified Buyer, Showing w 2 Day Notice. Call LS viewing, info pkg. 1st Showing Wed Jan 28 @ 2:30pm gone by 3:30pm by Appointment Call To Attend.

Listed by RE/MAX Real Estate Services.

 
 

Vancouver, Fraser Valley and Chilliwack MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Sophia Chea for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

 

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