Fully tenanted and professionally managed, this multi-family property generates over $120,000 in annual NOI, plus additional coin laundry income. Just 10 minutes from downtown, it offers stable cash flow, low maintenance, and strong returns in a rapidly growing neighborhood. A rezoning application has been submitted to allow for a 6-storey, 21-unit rental building, with preliminary support from the City. Priced at $2.5M, this is a rare opportunity to secure dependable income today with long-term upside tomorrow. Showings only after accepted offer. (id:58426)
| MLS® Number | C8070751 |
| 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/28604936/2026-franklin-street-vancouver
Contact us for more information
Muhammad Wahla
Personal Real Estate Corporation - JR Group
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