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 (id:58426)
| MLS® Number | C8066094 |
| Property Type | Multi-family |
| Neigbourhood | Grandview-Woodland |
| Features | Lane |
| RoadType | Paved Road |
| ConstructedDate | 1910 |
| SizeInterior | 4200 Sqft |
| Acreage | No |
| Sewer | Storm Sewer |
| SizeIrregular | 6036 |
| SizeTotal | 6036 Sqft |
| SizeTotalText | 6036 Sqft |
| ZoningDescription | Rm-3a |
| Electricity | Available |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/27847946/2026-franklin-street-vancouver
Contact us for more information
Muhammad Wahla
Personal Real Estate Corporation - JR Group
Jasdip Wahla
Personal Real Estate Corporation - JR Group
Robin Randhawa
Personal Real Estate Corporation - JR Group
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