Bob Bracken's Listings

330 E HASTINGS Street
Strathcona Vancouver V6A 1P4

$1,878,000
Multi-Family Commercial, Office

Main Photo: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 1: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 2: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 3: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 4: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 5: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Photo 6: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
Status:
Active
Prop. Type:
Multi-Family Commercial, Office
MLS® Num:
C8048950
Build. Type:
Mixed Use
Mixed-use Building in 300 Block of East Hasting Street in area of future growth and development. DEOD zoned 25’x122’ lot, 3 level 4200 SF (approx.) Bldg. Main floor has 1 Commercial space leased to Health Agency, and 1 Retail store rented to long term proprietor. Upper floors has three 2 Bdrm Suites and 1 Bdrm Suite rented to long term Tenants. Gr Income $6580/mo, $78,960/yr (3.2% Cap Rate) with substantial rental upside. Potential Income $10,970/mo, $131,640/yr based on rentable $2.80/net SF/mo). Adjacent property at 320 E Hastings being developed for 11 Storey social housing project (estimate completion 2025). The Local Area Plan (LAP) for this section of the Downtown Eastside Oppenheimer District (DEOD) allows for low income mixed use housing of up to 5.0 FSR, 75' Building Height, so there is future assembly/rezoning/development potential for the property. All Showings by Appointment Only with 2 day notice, must confirm. Please contact Bob Bracken at 604-220-2035 to book Showings Appointment, Info Pkg, All Details.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Mixed Use, Commercial Mix, Residential Mix
# Units:
6
# Other Units:
2
# of Appartments:
4
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
1
# of 2 Bedroom Appartments:
3
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1909 (Age: 114)
Total Floor Area:
4,200 sq. ft.
Lot Area:
3,050 sq. ft.
Lot Depth:
122
Lot Frontage:
25'
Land Use/Zoning:
DEOD
Taxes:
$8,794.12 / 2022
Potential to Redevelop:
Yes
Env Assmt Phase:
No
Cap Rate %:
3.2
Other Income:
$78,950
Effective Gross Income:
$78,950
Gross Income:
$78,950
Oper. Expenses:
$18,850
Net Operating Income:
$60,100
Original Price:
$1,878,000
  • Photo 1: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 1 of 6
  • Photo 2: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 2 of 6
  • Photo 3: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 3 of 6
  • Photo 4: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 4 of 6
  • Photo 5: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 5 of 6
  • Photo 6: 330 E HASTINGS Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8048950
    Photo 6 of 6
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Listed by RE/MAX REAL ESTATE SERVICES
Data was last updated January 31, 2023 at 04:40 AM (UTC)
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.

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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.