HIP-O Building Cool Strathcona 3 Storey 15 Unit Historic lncome Bldg near Chinatown, mins D/T, 1 Blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt, reno'd in 2016 Main Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed. Each Flr has modern kitchen, 2 baths etc. 1500 SF Bsmt has laund, bike storage, lockers for rent. 2 of 12 single rooms are COV SRA rental restricted, but rest are unrestricted market rentals. 1910 Character Bldg, upgraded, sprinklered, redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed & maintained w good Tenants. Great hands off investment, or for non-profit housing Seller consider VTB 2nd mortgage. Showing w 2 Day Notice. Cll LS for info pkg, viewing
Address
406 Union Street
List Price
$2,595,000
Property Type
Residential Income
Type of Dwelling
Other
Structure Type
Multi Family
Transaction Type
Sale
Area
Vancouver East
Sub-Area
Strathcona
Bedrooms
14
Bathrooms
7
Floor Area
4,575 Sq. Ft.
Main Floor Area
1525
Lot Size
1525 Sq. Ft.
Lot Size Dimensions
50 x 30.5
Lot Size (Acres)
0.04 Ac.
Lot Size Units
Square Feet
Total Building Area
6100
Frontage Length
50
Year Built
1910
MLS® Number
R3082701
Listing Brokerage
RE/MAX Real Estate Services
Basement Area
Full, Partially Finished
Postal Code
V6A 2B6
Zoning
RT-3
Ownership
Freehold NonStrata
Parking
None
Tax Amount
$8,399.01
Tax Year
2025
Site Influences
No Outdoor Area
Exterior Features
No Outdoor Area
Board Or Association
Greater Vancouver
Heating
Yes
Heat Type
Forced Air, Natural Gas
Levels
Three Or More
Number Of Floors In Property
3
Security Features
Fire Sprinkler System, Smoke Detector(s)
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