Multi Family

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406 UNION Street
Strathcona Vancouver V6A 2B6

$2,850,000
Multi-Family Commercial

Main Photo: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 1: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 2: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 3: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 4: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 5: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 6: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 7: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 8: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Photo 9: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8047537
Build. Type:
Freestanding
Multi-unit investment opportunity in historic Strathcona . The property is located along the Union-Adanac bikeway and is steps away from Chinatown and the new St . Paul's Hospital. The property is improved with a three-storey walk-up residential building containing 12 standard Single-Room-Occupancy (SRO) units plus 3 self-contained suites . The building has undergone extensive renovations including new windows . electrical, plumbing, fire/life-safety/sprinklers, torch-on roof (2019) , suite improvements, and common area kitchen and washrooms facilities . This opportunity is ideally suited to investors looking to capitalize on a strong residential rental market and growth in the surrounding area.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Freestanding, Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Units:
15
# Other Units:
# of Appartments:
15
Year built:
1910 (Age: 112)
Lot Area:
1,525 sq. ft.
Lot Depth:
30.5
Lot Frontage:
50'
Land Use/Zoning:
RT-3
Permitted Use:
Multifamily (5+)
Taxes:
$6,359.5 / 2022
Secured Building, Washrooms Female/Male
Services Connected:
Fully Serviced
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 2: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 3: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 4: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 5: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 6: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 7: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 8: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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  • Photo 9: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8047537
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Listed by Avison Young
Data was last updated December 4, 2022 at 11:05 AM (UTC)
Bruce Long CCIM, FRI, PREC
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