Where else in Vancouver can you find an Excellent Investment Property, in Excellent Condition, with Cashflow at $214,992/year, Cap Rate 5.5%? Located 1 Block to the New World Class St Paul Hospital & Health Campus, minutes to Downtown Vancouver - New Asking Price of $2,359,000, with potential Vendor Financing! You can find all of this with the Vancouver Investment Property - The HIP-O at 406 Union Street! Here is New Information for Bob Bracken's New Price Listing The HIP-O Building at 406 Union Street Vancouver, a Cool 3 Storey plus Basement, Income Property with 15 Units. Located in Trendy Strathcona, 1 Block to the new St Paul Hospital & Health Campus, Future of Medicine in Canada; Minutes to D/T & near the Heart of Chinatown. This Historic Character Building is 4500 SF on 3 Floors plus a 1500 SF unfinished Basement. Suite Mix: Ground Floor 3 S/C Suites, 2nd & 3rd Floors Each with 6 (for a Total 12) Furnished Single Rooms, Each with Sink Vanity & Bed. These 2 Floors Each also have a Modern Kitchen, 2 Bathrooms & Common Area. There is Coin Laundry, Bike Storage & Lockers for Rent in the 1500 SF Basement which is largely unused/available. 2 of the 12 Single Rooms are Low Income Rentals, while the rest are all Unrestricted Market Rentals including the 3 Ground Floor S/C Suites Each with own Entrance & Address. Excellent 15 Units Property has Huge Cashflow, Gross Income $17,916/mo, $214,992/yr, NOI $130,157/yr, Cap Rate 5.5%. The 1910 Building retains lots of Character & has been upgraded with redone Plumbing, Electrical, Floors, Roof, Kitchens & Baths. The Property is Professionally managed & well maintained with Quality Tenants. This Property is an Excellent "Hands Off" Investment, Perfect for Immigration/Student Housing, Non-Profit Housing Groups. Also the New St Paul Hospital & Health Campus could attract Medical Community Users. Showings with 2 Day Notice by Appointment, must confirm attendance. Call Bob Bracken at 604-220-2035 for All Details, Info Pkg, Floor Plan & Viewings. Note: Seller will consider Vendor Take Back (VTB) 2nd Mortgage with Good Terms to Qualified Buyer. New Asking Price $2,359,000. Showing Tuesday May 5th 2026 @ 1:00pm gone by 2:00pm by Appointment. Please call Bob Bracken if you would like to Attend.