2026 Franklin Street, Hastings, Vancouver

$2,595,000 |   MLS® Number  C8066094

Multi-family for sale in Hastings, Vancouver, Vancouver East, 2026 Franklin Street, 224971163 | Realtylink.org

Multi-family for sale

Year Built
1910
Floor Area
4,200 sqft
Lot Size
6,036 sqft
Gross Property Tax
$6,036 /year
Building Type
Low Rise (2-4 storeys)
Zoning
RM-3A
Subject Property Width
49.5 ft
Subject Property Depth
121.94 ft
Amenities
Laundry Facility, Visitor Parking
Suite Mix Information
8 x 1 ½
Total no. of Units
8
Financial Summary
$120,600

Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don't miss this rare offering! Showings only after accepted offer