RE/MAX Real Estate Services Blog

New property listed in Strathcona, Vancouver East

Property listed at 1218 GEORGIA ST E in Vancouver.
Big Char Legal 5 Unit Income Property in Good Condition, in popular Commercial Drive/Strathcona. 3560 SF Bldg, 4 Lvls include 875 SF unfin Bsmt containing 1 Bach, 2X1 Bdrm & 2X2 Bdrm, all S/C Units, Income $108,600/yr, $89,000/yr Net; Cap Rate 5%. Many Upgrades include Electrical & Plumbing to code, new Windows & Water Line, new Kitchens, Baths & Dishwashers in all Units, insuite Laundry 3 Units plus shared Coin Laundry, new Lighting, Roof & more. Bsmt w 7’ Ceiling height is unfin, w sink/toilet rented for Storage, but has Development potential. Big rear yard w Open parking. Note Property is a registered Single Room Occupancy Building (SRO) w restrictions on use & Redevelopment, but also add’l potential for Rental Income. View w 2 day notice, COVID rules, all Masked. Call LS re Info Pkg, Flr Plan, Details. Also on Paragon Residential ML#R2554988.
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