The HIP-O Cool Strathcona 3 Storey & Bsmt 15 Unit Historic workforce/co-living Bldg near new St Paul Hospital, mins to D/T. 4500 SF Bldg + 1500 SF unfin Bsmt reno'd 2016-2019 w sprinklers, plumb, elec, flrs, kitchs, roof, baths. Grd Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed, Each Flr modern kitch, 2 baths, common area. Bsmt laund, bike storage, rental lockers & Utility. Gr Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%! Prof mngd good Tenants. Great hands off investment, perfect immigration/student housing, non-profit groups. New St. Paul’s campus good for medical community Users! Seller consider VTB 2nd mortgage to Qualified Buyer, Show w 2 Day Notice. Call LS viewing, info pkg.
Address
406 Union Street
List Price
$2,359,000
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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