221 East GEORGIA Street, Vancouver, British Columbia V6A1Z6

Listing courtesy of RE/MAX Real Estate Services.

$2,598,000
1,353
SqFt

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List Price
$2,598,000
MLS®
C8073870
Days on Market
345
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Living Area
1,353
Lot Size Dimensions
3050
Lot Size
3,050

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. (id:5764)

Additional Information

Country
Canada
Sewer
Storm sewer
Lot Features
Lane
Lot Size
3,050

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