Multi-family for sale
330 E Hastings Street, Strathcona, Vancouver
$1,680,000
$1,680,000
Multi-family for sale
330 E Hastings Street, Strathcona, Vancouver
Features
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
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