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406 UNION STREET
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406 UNION STREET

Vancouver, British Columbia V6A2B6

$2,359,000

MLS® C8075345

6,100 square feet

Living Area

1910

Year Built

Multi-family

Type

1,525 square feet

Lot Size

Description

The HIP-O Cool Strathcona 3 Storey Plus Basement 15 Unit Historic workforce/co-living Bldg near Chinatown, new St Paul Hospital, mins to D/T. The 4500 SF Bldg + 1500 SF unfin Bsmt was reno'd in 2016-2019 w new sprinklers, plumbing, elec, flrs, kitchs, roof, baths. Ground Flr has 3 S/C Suites; 2nd & 3rd Flrs Each contain 6 (total 12) furnished single rooms w sink vanity & bed, Each Flr has modern kitchen, 2 baths, common area. Bsmt has laund, bike storage, rental lockers & Utility area. Gr Income $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%. Prof managed, maintained w good Tenants. Great hands off investment, perfect for immigration/student housing, non-profit housing groups. New St. Paul's campus could attract medical community Users! Seller will consider VTB 2nd mortgage to Qualified Buyer, Showing w 2 Day Notice. Call LS viewing, info pkg. (id:65701)

Property Details

Annual Taxes $8,399.01
Tax Year 2025

Listed by

RE/MAX Real Estate Services

Greater Vancouver

Interested in this property?

Contact Kara Call 604.328.8000
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