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Fred Choy Personal Real Estate Corporation
Agent
604-880-3462
604-880-3462
Website
Listings

Fred Choy Personal Real Estate Corporation

Fred Choy has been a full-time salesperson since 1990, and joined Re/Max in 1993. He specializes in mixed-used commercial/residential, industrial/warehouse buildings, strip malls, and shopping plazas. Fred's area of business lies within Greater Vancouver, including Vancouver, Burnaby, and Richmond. He is also fluent in English Cantonese and Mandarin.

221 E Georgia Street
Strathcona Vancouver V6A 1Z6

$2,598,000
Multi-Family Commercial, Retail

View of property
Photo 1: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
Photo 2: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
Photo 3: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8073870
Build. Type:
Low Rise (2-4 storeys)
Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey 1912-character building offers approx 9,000 sq. ft. of space with a large street-front retail unit plus 16 SRO rooms above, including 6 with private washrooms. Solid structure with recent roof work completed. Generates approx. $173,000 gross income and $143,000 net income, representing a 5.5% cap rate. Exceptional location steps to transit, downtown, and the new St. Paul's Hospital precint. A reliable income property with future value-add and redevelopment potential.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Multi Family
Construction:
Brick/Masonry, Frame Wood
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys), Mixed Use
# Units Total:
17
# Other Units:
1
# of Apartments:
16
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1912 (Age: 113)
Living Area:
1,353 sq. ft.
Subject Property Depth:
122'
Subject Property Width:
25'
Subject Space Width:
25'
Retail Size:
1,353 sq. ft.
Lot Area:
3,049.2 sq. ft.
Zoning:
HA-1A
Potential to Redevelop:
Check with City regarding re-development potentials, No
# Of Parking Spaces - Total:
3
Road Surface:
Paved
Heating:
Baseboard, Electric
Cooling:
Electric
Electricity:
Yes
Services Connected:
Electricity Connected, Natural Gas Connected, Street Lighting, Sidewalk
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
015662128
Taxes:
$11,298.1 / 2025
No
None Known
No
Water Supply:
Public
Water Rights:
No
Roof:
Rolled/Hot Mop
Potential to Redevelop:
Check with City regarding re-development potentials, No
Env Assmt Phase:
No
Cap Rate %:
5.53
Gross Income:
173124.0
Oper. Expenses:
29564.0
Other Income:
$0
Effective Gross Income:
$173,124
Net Operating Income:
$143,559
Original Price:
$2,598,000
  • Photo 1: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
    View of property
  • Photo 2: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
    View of building exterior with a view of city
  • Photo 3: 221 E Georgia Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East) : MLS®# C8073870
    View of building exterior
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Listed by RE/MAX Real Estate Services
Data was last updated December 5, 2025 at 01:40 PM (UTC)
Fred Choy Personal Real Estate Corporation
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.

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Reciprocity Logo 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.