Industrial for sale

786 Powell Street, Strathcona, Vancouver

$2,995,000 or
$2,995,000 or

Industrial for sale

786 Powell Street, Strathcona, Vancouver

Features

Lifestyle
224964104 2995000 /en/industrial~for-sale~strathcona-vancouver/224964104?view=Summary /en/industrial~for-sale~strathcona-vancouver/224964104/photos 49.2828200000 -123.0878400000 true
Year Built
1978
Floor Area
4,682 sqft
Total Space Avail. For Lease (Rent)
4682 sqft
Lot Size
3,050 sqft
Gross Property Tax
$32,346.20 /year
Building Type
Freestanding, Low Rise (2-4 storeys)
# of Elevators
1
Zoning
M-2
Subject Property Width
25 ft
Subject Property Depth
122 ft
95

Description

Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth.
MLS® Number C8059035

Listing REALTORS®

Sukhman Virk, REALTOR<sup>®</sup>

Sukhman Virk

REALTOR®

Stonehaus Realty Corp.

Khash Raeisi, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Khash Raeisi

REALTOR®, Personal Real Estate Corporation

Stonehaus Realty Corp.

Stonehaus Realty Corp.,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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