Multi-family for sale
406 Union Street, Strathcona, Vancouver
$2,850,000
Features
Year Built
1910
Lot Size
1,525 sqft
Gross Property Tax
$6,359.50 /year
Building Type
Freestanding, Mul Tenant/MultiPlex (5+)
Zoning
RT-3
Subject Property Width
50 ft
Subject Property Depth
30.5 ft
Amenities
Secured Building, Washrooms Female/Male
Total no. of Units
15
Description
Multi-unit investment opportunity in historic Strathcona . The property is located along the Union-Adanac bikeway and is steps away from Chinatown and the new St . Paul's Hospital. The property is improved with a three-storey walk-up residential building containing 12 standard Single-Room-Occupancy (SRO) units plus 3 self-contained suites . The building has undergone extensive renovations including new windows . electrical, plumbing, fire/life-safety/sprinklers, torch-on roof (2019) , suite improvements, and common area kitchen and washrooms facilities . This opportunity is ideally suited to investors looking to capitalize on a strong residential rental market and growth in the surrounding area.
MLS® Number C8047537