Here is Information for Bob's New Listing The HIP-O Building at 406 Union Street Vancouver, a Cool 3 Storey plus Basement, Income Property 15 Units. Located in Trendy Strathcona, 1 Block to the new St Paul Hospital & Health Campus, Future of Medicine in Canada; Minutes to Downtown, & 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 Furnished Single Rooms (Total 12), Each with Sink Vanity & Bed. These 2 Floors Each also have 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 City of Vancouver SRA Rental Rate Restricted, while the rest are all Unrestricted Market Rentals including the 3 Ground Floor S/C Suites Each w own Entrance & Address. The Excellent 15 Units Property has Huge Cashflow, Gross Income $17,916/mo, $214,992/yr, NOI $130,157/yr, Cap Rate 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, or Great Non-Profit Housing Opportunity. It is Great for Investors, Owner-Occupiers, Shared Ownership. 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 w Good Terms to Qualified Buyer. Asking Price $2,595,000More details
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.
