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. (id:58426)
| MLS® Number | C8071032 |
| Property Type | Multi-family |
| Neigbourhood | Japantown |
| Amenities | Balconies |
| ConstructedDate | 1991 |
| SizeInterior | 5600 Sqft |
| Acreage | No |
| SizeIrregular | 3050 |
| SizeTotal | 3050 Sqft |
| SizeTotalText | 3050 Sqft |
| ZoningDescription | Deod Compre Dev |
| Electricity | Available |
https://www.realtor.ca/real-estate/28652939/477-powell-street-vancouver
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Ting Wang
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