1,353 sqft
$2,598,000
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 $140,000 net income when fully leased/rented (5.41% 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:61992)
Property Details
|
MLS® Number
|
C8073870 |
|
Property Type
|
Multi-family |
|
Features
|
Lane |
|
Road Type
|
Paved Road |
Building
|
Amenities
|
Street Lighting |
|
Constructed Date
|
1912 |
|
Size Interior
|
1,353 Sqft |
Land
|
Acreage
|
No |
|
Sewer
|
Storm Sewer |
|
Size Irregular
|
3050 |
|
Size Total
|
3050 Sqft |
|
Size Total Text
|
3050 Sqft |
|
Zoning Description
|
Ha-1a |
Utilities
|
Electricity
|
Available |
|
Natural Gas
|
Available |