Multi-family for sale

2056 Franklin Street, Hastings, Vancouver

$9,560,000 or
$9,560,000 or

Multi-family for sale

2056 Franklin Street, Hastings, Vancouver


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Year Built
Total Space Avail. For Lease (Rent)
13024 sqft
Lot Size
12,078 sqft
Gross Property Tax
$18,429.60 /year
Building Type
Freestanding, Low Rise (2-4 storeys)
Subject Property Width
99 ft
Subject Property Depth
122 ft
Balconies, Laundry Facility
Suite Mix Information
x Bachelor/Studio, 17 x 1 ½, 4 x 2 ½, 22 x Other
Total no. of Units


Over a 4.00% cap rate with further upside in East Vancouver! This 22-unit turnkey apartment building offers 14 renovated units achieving blended rents of $3.45 per SF. Enjoy above-market cashflow while completing the remaining unrenovated units at your own pace. Attractive, in-place CMHC mortgage at 3.77% removes financing risk and AND potentially save over $400,000 in Property Transfer Tax by purchasing the Bare Trust. In the future, enjoy development potential of up to 6-storeys and a 2.40 FSR under the Grandview Woodland OCP. Offered as a package 2228 Triumph Street which is identical in suite-mix and layout, both buildings can be purchased together or separately.
MLS® Number C8052221


Dan Chatfield, REALTOR<sup>®</sup>

Dan Chatfield



Steve Fame, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Steve Fame

REALTOR®, Personal Real Estate Corporation

Paradigm Group Commercial Real Estate Services


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Calculate mortgage payments

9,560,000 $

Estimated property transfer tax


Calculate borrowing capacity

  • 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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