Multi-family for sale

406 Union Street, Strathcona, Vancouver

$2,850,000 or
$2,850,000 or

Multi-family for sale

406 Union Street, Strathcona, Vancouver

Features

Lifestyle
224952606 2850000 /en/multi-family~for-sale~strathcona-vancouver/224952606?view=Summary /en/multi-family~for-sale~strathcona-vancouver/224952606/photos 49.2775000000 -123.0953000000 true
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
92

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

Listing REALTOR®

Jake Luft, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Jake Luft

REALTOR®, Personal Real Estate Corporation

Avison Young

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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