Multi Family

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330 E HASTINGS Street
Strathcona Vancouver V6A 1P4

$1,780,000
Multi-Family Commercial, Office

Main Photo: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Photo 1: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Photo 2: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Photo 3: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Photo 4: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Photo 5: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
Status:
Active
Prop. Type:
Multi-Family Commercial, Office
MLS® Num:
C8048950
Build. Type:
Mixed Use
Mixed-use Building in 300 Block of East Hasting Street in area of Future Growth and Development. DEOD zoned 25’x122’ lot, 3 level 4200 SF (approx.) Bldg. Main floor has 1 Commercial space leased to Health Agency, and 1 Retail store rented to long term proprietor. Upper floors has three 2 Bdrm Suites and 1 Bdrm Suite rented to long term tenants. Gr Income $6580/mo, $78,960/yr, Cap Rate 3.4% with substantial rental upside. Potential Income $130k/yr (based on rentable $2.80/net SF/mo) & Potential Cap Rate 6.3%. Adjacent property at 320 E Hastings being developed for 11 Storey social housing Project (est completion 2025). The Local Area Plan (LAP) for this section of the Downtown Eastside Oppenheimer District (DEOD) allows for low income mixed use housing of up to 5.0 FSR, 75' Building height, so there is future assembly/rezoning/development potential for the property Contact LS for details, info pkg, viewings.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Mixed Use, Commercial Mix, Residential Mix
Name of Complex/Subdivision:
# Units:
6
# Other Units:
# of Appartments:
4
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
1
# of 2 Bedroom Appartments:
3
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1909 (Age: 114)
Total Floor Area:
4,200 sq. ft.
Lot Area:
3,050 sq. ft.
Lot Depth:
122
Lot Frontage:
25'
Land Use/Zoning:
DEOD
Taxes:
$8,794.12 / 2022
Roof:
Potential to Redevelop:
Yes
Env Assmt Phase:
No
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: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
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  • Photo 2: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
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  • Photo 3: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
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  • Photo 4: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
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  • Photo 5: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8048950
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Listed by RE/MAX Real Estate Services
Data was last updated February 9, 2023 at 04:40 AM (UTC)
Bruce Long CCIM, FRI, PREC
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