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1218 E GEORGIA Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8040644

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®# C8040644banner
$1,998,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8040644
Status:
Active
Build. Type:
Residential Mix
Big Char Legal 5 Unit Income Property Good Condition, w Large Income in popular Commercial Dr/Strathcona. 3560 SF Bldg, 4 Lvls incl 875 SF unfin Bsmt contains 1 Bach, 2X1 Bdrm & 2X2 Bdrm S/C Units, Income $111,000/yr, Cap Rate 4.6%; many upgrades incl elec & plumbing to code, new windows & water line, new Kitch’s, Baths & Dishwashers in all Units, insuite Laund in 3 Units & shared Coin Laund, new lighting, roof & more. Bsmt 7’ ceiling ht is unfin, rented for storage, but has Dev potential & add’l potential for Rental Income. Big rear yard w open parking. Close to Commercial Drive. Chinatown, Downtown. Area revitalization steadily underway including new "Rise Up Bodega" - just around corner! Showing by Appointment Only, COVID rules, Masks required, min 2 Day Notice, Please contact Bob Bracken 604-220-2035 for Showings, Info Pkg, all Details. Asking Price $1,998,000. Showing Mon Oct 25th @ 2:00pm gone by 2:45pm by Appointment Only.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Residential Mix, Multiple Tenant/Multi-Plex (5+)
# Units:
6
# Other Units:
1
# of Appartments:
5
# of Studio Appartments:
1
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
2
# of 2 Bedroom Appartments:
2
# of 3 Bedroom Appartments:
0
# Storeys:
4.0
Year built:
1912 (Age: 109)
Total Floor Area:
Switch units of measure3,560 sq. ft.
Lot Area:
Switch units of measure3,265 sq. ft.
Lot Depth:
121.87
Lot Frontage:
Switch units of measure26'10"
Land Use/Zoning:
RT-3
Taxes:
$5,057.41 / 2021
Env Assmt Phase:
No
Cap Rate %:
4.6
Other Income:
$240
Effective Gross Income:
$111,240
Gross Income:
$111,000
Oper. Expenses:
$18,990
Net Operating Income:
$92,250
Original Price:
$1,998,000
Data was last updated October 27, 2021 at 10:05 PM (UTC)

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.