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. (id:58426)
| MLS® Number | C8073870 |
| Property Type | Multi-family |
| Neigbourhood | Strathcona |
| Features | Lane |
| RoadType | Paved Road |
| Amenities | Street Lighting |
| ConstructedDate | 1912 |
| SizeInterior | 1353 Sqft |
| Acreage | No |
| Sewer | Storm Sewer |
| SizeIrregular | 3050 |
| SizeTotal | 3050 Sqft |
| SizeTotalText | 3050 Sqft |
| ZoningDescription | Ha-1a |
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/29112409/221-e-georgia-street-vancouver
Contact us for more information
Fred Choy
Personal Real Estate Corporation
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