Property listed at 406 UNION ST in Vancouver.
The HIP-O Building, 406 Union St. A Cool 3 Storey 15 Unit Historic Character Rental in trendy Strathcona, near Heart of Chinatown, mins to D-town, close to new St. Paul's Hospital. 4500 SF Bldg (+ 1500 SF unfin bsmt) contains 3 Ground level S/C Suites, 2nd & 3rd flrs each w/6 furnished single rooms w/ sink vanity, murphy bed. Each floor also has modern kitchen, 2 bathrms & common area. Coin laund, bike & lockers for rent in Bsmt which is largely unused/available. 2 of the 12 single rooms are COV SRA rental rate restricted, while the rest are unrestricted market rentals incl the 3 S/C Suites. 1910 Building retains lots of character but very upgraded, w redone plumbing, elec, floors, roof, baths. 2 big modern kitchens w/newer appliances, granite countertops etc. Gross Income $18k/Mo, $216k/yr; NOI $124k/yr, 4.5 Cap Rate. Property professionally managed, well maintained w quality Tenants. Excellent "hands off" investment, or great non-profit housing. Contact LS re viewing, info pkg
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.