$2,598,000
221 E GEORGIA STREET
Vancouver, BC
About this property
Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey character building (1912) features a large street-front retail unit and 16 Single Room Accommodation (SRA) rooms above, including 6 with private washrooms. Solid structure with recent roof work completed (2020) and rear steel staircase (replaced in 2022). Approx. $171,000 gross and $136,000 net income when fully leased/rented (5.23% cap rate). Exceptional location steps to transit, downtown, and the new St. Paul's Hospital. Reliable income property with value-add and redevelopment potential. (id:66946)
Features
Listing courtesy of RE/MAX Real Estate Services. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.