221 E Georgia ST, Vancouver, BC V6A 1Z6
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221 E Georgia ST, Vancouver, BC V6A 1Z6
221 E Georgia ST, Vancouver, BC V6A 1Z6
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Darell Pinazo

Darell Pinazo

+1(778) 859-8058
$ 2,598,000
Est. payment /mo
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221 E Georgia ST Vancouver, BC V6A 1Z6

3,049 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type Asset

MLS Listing ID C8073870

Year Built 1912

Lot Size 3,049 Sqft

Property Sub-Type Multi Family

Property 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.

Location

Province BC

Community Strathcona

Area Vancouver East

Zoning HA-1A

Interior

Heating Baseboard, Electric

Cooling Electric

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Street Lighting, Sidewalk

Roof Type Rolled/Hot Mop

Street Surface Paved

Total Parking Spaces 3

Building

Story 3

Sewer Public Sewer, Storm Sewer

Water Public

Others

Restrictions None Known

Ownership Freehold

REBGV/FVREB/Chilliwack (Commercial IDX)
Darell Pinazo

Darell Pinazo

Agent

+1(778) 859-8058

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221 E Georgia ST

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