221 E Georgia Street

$2,598,000 |   MLS® Number  C8073870

Multi-family for sale in Strathcona, Vancouver, Vancouver East, 221 E Georgia Street, 224978939 | Realtylink.org

Multi-family for sale

Year Built
1912
Floor Area
1,353 sqft
Lot Size
3,050 sqft
Gross Property Tax
$11,298.10 /year
Building Type
Low Rise (2-4 storeys), Mixed Use
Zoning
HA-1A
# of Parking Spaces
3
Subject Property Width
25 ft
Subject Property Depth
122 ft
Suite Mix Information
1 x Other
Total no. of Units
17
Financial Summary
$173,124

Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey 1912-character building offers approx 9,000 sq. ft. of space with a large street-front retail unit plus 16 SRO rooms above, including 6 with private washrooms. Solid structure with recent roof work completed. Generates approx. $173,000 gross income and $143,000 net income, representing a 5.5% cap rate. Exceptional location steps to transit, downtown, and the new St. Paul's Hospital precint. A reliable income property with future value-add and redevelopment potential.