Other Plex for sale
406 Union Street, Strathcona, Vancouver
$2,359,000
Features
Style
Three Or More Storey
Year Built
1910
Floor Area
6,100 sqft
Lot Size
1,525 sqft
Lot Frontage
50 ft
Exterior Features
No Outdoor Area
Security Features
Fire Sprinkler System, Smoke Detector(s)
Parking Features
None
Property Taxes
$8,399 (2025)
Description
The HIP-O Cool Strathcona 3 Storey & Bsmt 15 Unit Historic workforce/co-living Bldg near new St Paul Hospital, mins to D/T. 4500 SF Bldg + 1500 SF unfin Bsmt reno'd 2016-2019 w sprinklers, plumb, elec, flrs, kitchs, roof, baths. Grd Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed, Each Flr modern kitch, 2 baths, common area. Bsmt laund, bike storage, rental lockers & Utility. Gr Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%! Prof mngd good Tenants. Great hands off investment, perfect immigration/student housing, non-profit groups. New St. Paul’s campus good for medical community Users! Seller will consider VTB 2nd mortgage to Qualified Buyer, Show w 2 Day Notice. Call LS viewing, info pkg. Show Tues May 5 @ 1:00pm to 2:00pm by Appt.
MLS® Number R3082701