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221 E Georgia ST Vancouver, BC V6A 1Z6
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8073870
Year Built 1912
Annual Tax Amount $11,298
Tax Year 2025
Lot Size 3,049 Sqft
Property Sub-Type Multi Family
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.
Location
State BC
Community Strathcona
Area Vancouver East
Zoning HA-1A
Interior
Heating Baseboard, Electric
Cooling Electric
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Street Lighting, Sidewalk
Water Access Desc Public
Roof Type Rolled/Hot Mop
Street Surface Paved
Total Parking Spaces 3
Building
Story 3
Sewer Public Sewer, Storm Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold