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1218 E GEORGIA Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8037693

1218 E GEORGIA Street Vancouver V6A 2B1 : Strathcona

Main Photo: 1218 E GEORGIA Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8037693banner
Prop. Type:
Multi-Family Commercial
MLS® Num:
Build. Type:
Multiple Tenant/Multi-Plex (5+)
Big Character Legal 5 Unit Income Property in Good Condition, in popular Commercial Drive/Strathcona. 3560 SF Bldg, 4 Lvls include 875 SF unfinished Basement containing 1 Bach, 2X1 Bdrm & 2X2 Bdrm, all S/C Units, Income $108,600/yr, $89,000/yr Net; Cap Rate 5%. Many Upgrades include Electrical & Plumbing to code, new Windows & Water Line, new Kitchens, Baths & Dishwashers in all Units, insuite Laundry 3 Units plus shared Coin Laundry, new Lighting, Roof & more. Basement w 7’ Ceiling height is unfinished, w sink/toilet rented for Storage, but has Development potential. Big rear yard w Open parking. Note Property is a registered Single Room Occupancy Building (SRO) w restrictions on use & Redevelopment, but also additional potential for Rental Income. All viewings by Appointment Only with 2 day notice. COVID rules, all Masks required. Please contact Bob Bracken 604-220-2035 to book Appointments, Information Package, Floor Plan, Details. Showing Friday May 14th at 3:30pm gone by 4:15pm by scheduled Appointment Only. MUST CONFIRM.
Sale Type:
Property Type:
Multi-Family Commercial
Wood Frame
Building Type:
Multiple Tenant/Multi-Plex (5+)
# Units:
# Storeys:
Year built:
1912 (Age: 109)
Land Use/Zoning:
$4,544.51 / 2020
Env Assmt Phase:
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Original Price:
Data was last updated May 16, 2021 at 11:05 AM (UTC)


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