View of property

$2,598,000

E 221 Georgia Street, Vancouver, BC V6A 1Z6

MLS® C8073870

Description

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.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Low Rise (2-4 storeys), Mixed Use

Year built

1,912

Ownership

Freehold

Levels

3

Systems

Heating

Baseboard, Electric

Cooling

Electric

Lot and parking

Lot size

3,049.2 sq ft

Road surface

Paved

Parking spaces

3

Costs

Annual property tax

$11,298

Tax year

2,025

Location

Area

Vancouver East

Neighbourhood

Strathcona

Waterfront

No