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For Sale
$2,598,000
MLS® C8073870
221 E GEORGIA STREET
Vancouver, British Columbia, V6A1Z6
- Interior
- 1,353 sqft
- Property type
- Multi-family
- Building
- Multi-family
- Year built
- 1912
- Lot size
- 3050 square feet
Property facts
- Interior
- 1,353 sqft
- Property type
- Multi-family
- Building
- Multi-family
- Transaction
- For Sale
- Year built
- 1912
- Lot size
- 3050 square feet
About this property
Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey character building (1912) features a large street-front retail unit and 16 Single Room Accommodation (SRA) rooms above, including 6 with private washrooms. Solid structure with recent roof work completed (2020) and rear steel staircase (replaced in 2022). Approx. $171,000 gross and $136,000 net income when fully leased/rented (5.23% cap rate). Exceptional location steps to transit, downtown, and the new St. Paul's Hospital. Reliable income property with value-add and redevelopment potential. (id:53361)