Multi-family for sale

330 E Hastings Street, Strathcona, Vancouver

$1,680,000 or
$1,680,000 or

Multi-family for sale

330 E Hastings Street, Strathcona, Vancouver

Features

Lifestyle
224954019 1680000 /en/multi-family~for-sale~strathcona-vancouver/224954019?view=Summary /en/multi-family~for-sale~strathcona-vancouver/224954019/photos 49.2811500000 -123.0967400000 true
Year Built
1909
Floor Area
4,200 sqft
Lot Size
3,050 sqft
Gross Property Tax
$8,794.12 /year
Building Type
Mixed Use, Commercial Mix, Residential Mix
Zoning
DEOD
Subject Property Width
25 ft
Subject Property Depth
122 ft
Suite Mix Information
1 x 1 ½, 3 x 2 ½, 2 x Other
Total no. of Units
6
Financial Summary
$78,950
94

Description

Mixed-use Building in 300 Block of East Hasting Street in area of Future Growth and Development. DEOD zoned 25’x122’ lot, 3 level 4200 SF (approx.) Bldg. Main floor has 1 Commercial space leased to Health Agency, and 1 Retail store rented to long term proprietor. Upper floors has three 2 Bdrm Suites and 1 Bdrm Suite rented to long term tenants. Gr Income $6580/mo, $78,960/yr, Cap Rate 3.6% with substantial rental upside. Potential Income $131k/yr (based on rentable $2.80/net SF/mo) & Potential Cap Rate 6.7%. Adjacent property at 320 E Hastings being developed for 11 Storey social housing Project (est completion 2025). The Local Area Plan (LAP) for this section of the Downtown Eastside Oppenheimer District (DEOD) allows for low income mixed use housing of up to 5.0 FSR, 75' Building height, so there is future assembly/rezoning/development potential for the property. Showing 2 Day Notice by Appt Only. Contact LS for details, info pkg, viewings. Showing Sat March 11 @ 3:30pm by Appointment Only.
MLS® Number C8048950

Listing REALTOR®

Bob Bracken, REALTOR<sup>®</sup>

Bob Bracken

REALTOR®

RE/MAX Real Estate Services

RE/MAX Real Estate Services,

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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