Multi-family for sale
477 Powell Street, Strathcona, Vancouver
$2,770,000
Features
Year Built
1991
Floor Area
5,600 sqft
Lot Size
3,050 sqft
Gross Property Tax
$16,581.20 /year
Building Type
Mixed Use, Commercial Mix, Street-Level Storefront
Zoning
DEOD COMPRE DEV
Amenities
Balconies, Laundry Facility, Storefront, Washrooms Female/Male
Suite Mix Information
3 x 2 ½, 3 x Other
Total no. of Units
3
Description
Fully Tenanted Mixed-Use Building | 5% Cap Rate | Prime Investment Opportunity Originally built in 1991 and thoughtfully updated, this fully tenanted building offers a stable income stream with a 5% capitalization rate. The property features a well-balanced mix of residential and retail space, including three spacious 2-bedroom residential units one retail unit, and one storage—with large private balconies, south-facing park views with individually metered electricity. Designed in a unique courtyard style, the building provides residents with secure and generous outdoor space. On the ground floor, a high-visibility retail unit with soaring ceilings and electronic security shutters is leased to a popular local convenience store, ensuring reliable commercial tenancy and steady foot traffic. Ideally located in a vibrant, fast-growing neighborhood, this property presents a compelling opportunity for investors seeking long-term value and exposure to one of the area's most culturally dynamic corridors.
MLS® Number C8071032