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Est. payment /mo
Active
406 Union ST Vancouver, BC V6A 2B6
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8075345
Year Built 1910
Annual Tax Amount $8,399
Tax Year 2025
Lot Size 1,742 Sqft
Property Sub-Type Multi Family
Property Description
The HIP-O Cool Strathcona 3 Storey Plus Basement 15 Unit Historic workforce/co-living Bldg near Chinatown, new St Paul Hospital, mins to D/T. The 4500 SF Bldg + 1500 SF unfin Bsmt was reno'd in 2016-2019 w new sprinklers, plumbing, elec, flrs, kitchs, roof, baths. Ground Flr has 3 S/C Suites; 2nd & 3rd Flrs Each contain 6 (total 12) furnished single rooms w sink vanity & bed, Each Flr has modern kitchen, 2 baths, common area. Bsmt has laund, bike storage, rental lockers & Utility area. Gr Income $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%. Prof managed, maintained w good Tenants. Great hands off investment, perfect for immigration/student housing, non-profit housing groups. New St. Paul's campus could attract medical community Users! Seller will consider VTB 2nd mortgage to Qualified Buyer, Showing w 2 Day Notice. Call LS viewing, info pkg. Showing Thurs Aug 6 @ 11:00am by Appointment. Call To Attend must confirm Appt. Bring Offers!
Location
State BC
Community Strathcona
Area Vancouver East
Zoning RT-3
Building
Story 3
Others
Ownership Freehold