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, Cap Rate 3.6% with substantial rental upside. Potential Income $10,970/mo, $131,640/yr based on rentable $2.80/net SF/mo & Potential Cap Rate 6.7%. 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. Showing Sat March 11 @ 3:30pm by Appointment Only, must confirm.
Property Type:
Multifamily
Dwelling Type:
Fourplex
Home Style:
3 Storey
Year built:
1909
(Age: 114)
Total area:
4,200 sq. ft.390.19 m2
Total Floor Area:
4,200 sq. ft.390.19 m2
Total unfinished area:
0 sq. ft.0 m2
Main Floor Area:
2,200 sq. ft.204.39 m2
Floor Area Above Main:
1,000 sq. ft.92.9 m2
Floor Area Above Main 2:
1,000 sq. ft.92.9 m2
Floor Area Below Main:
0 sq. ft.0 m2
Basement Area:
0 sq. ft.0 m2
No. Floor Levels:
3.0
Bedrooms:
0
(Above Grd: 0)
Bathrooms:
6.0
(Full:6/Half:0)
Kitchens:
1
Rooms:
1
Taxes:
$8,794.12 /
2022
Lot Area:
3,050 sq. ft.283.35 m2
Lot Frontage:
25'7.62 m
Lot Depth:
122
Outdoor Area:
None
Water Supply:
City/Municipal
Heating:
Electric
Construction:
Frame - Wood
Foundation:
Concrete Perimeter
Basement:
None
Roof:
Tar & Gravel
Fireplaces:
0
Parking:
Carport; Single, Open
Parking Total/Covered:
1 / 1
Parking Access:
Rear
Exterior Finish:
Mixed, Stucco
Title to Land:
Freehold NonStrata
Income as at Date:
Jan 28, 2023
Income Per Annum:
78960.0
Oper. Expenses:
18850.0
Net Operating Income:
$60,110
LOT 6, BLOCK 71, PLAN VAP196, DISTRICT LOT 196, NEW WESTMINSTER LAND DISTRICT
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.
looking at buying
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.
