About this Multi-Family Commercial in Strathcona
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, downtow…n, and the new St. Paul’s Hospital. Reliable income property with value-add and redevelopment potential.
Listed by RE/MAX Real Estate Services.
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.
Listed by RE/MAX Real Estate Services.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Ken Stef 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.
More Details
- Type: Multi-Family Commercial
- Sub Type: Multi Family
Walkscore Of This Listing
More About Strathcona, Vancouver East
latitude: 49.2786813
longitude: -123.0989044
Postal Code: V6A 1Z6
