Multi-family for sale
527 E Georgia Street, Strathcona, Vancouver
$4,998,000
Features
Floor Area
6,100 sqft
Lot Size
6,100 sqft
Gross Property Tax
$9,890.75 /year
Building Type
Low Rise (2-4 storeys), Mul Tenant/MultiPlex (5+)
Zoning
RT-3
Subject Property Width
50 ft
Subject Property Depth
122 ft
Description
Offered at a 6.10% cap rate and $119,000 per unit, 527 East Georgia Street is a rare multifamily opportunity in Vancouver. This 42-unit SRA building, located between historic Strathcona and Chinatown, features ceiling heights up to 11 feet and updated units with modern vinyl flooring. Shared amenities include nine washrooms, a large common kitchen and second-floor kitchenette, laundry on each level, bike storage, a secure rear courtyard, covered patio, and complimentary Wi-Fi. Recent upgrades include three new hot water tanks (2023) and cosmetic renovations. With an unbeatable yield and the $2.18B Jim Pattison Medical Campus reshaping the area, investors will enjoy cashflow protection and appreciation for years to come.
MLS® Number C8072693