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406 Union Street
Strathcona Vancouver V6A 2B6

Multi-Family Commercial

Main Photo: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 1: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 2: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 3: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 4: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 5: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 6: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 7: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 8: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 9: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 10: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 11: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 12: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 13: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 14: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 15: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 16: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 17: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 18: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 19: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 20: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 21: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 22: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 23: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 24: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 25: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 26: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 27: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 28: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 29: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 30: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 31: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 32: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 33: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 34: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 35: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 36: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 37: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 38: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 39: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Photo 40: 406 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
$2,599,000
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061080
Build. Type:
Low Rise (2-4 storeys)
HIP-O Building Cool 3 Storey 15 Unit Historic lncome Bldg Trendy Strathcona, near Chinatown, mins D/T, 1 Blk to new St Paul Hospital. 4500 SF Bldg + 1500 SF unfin Bsmt completely reno'd 2016-2019 contains 3 Grd Flr S/C Suites; 2nd & 3rd Flrs each contain 6 furnished single rooms w sink vanity, murphy bed, & each Flrs have modern kitchen, 2 baths, common area. 1500 SF Bsmt largely unused w Coin laund, bike storage, lockers for rent. 2 of 12 single rooms COV SRA rental restricted, but rest incl 3 S/C Suites are unrestricted market rentals. 1910 Bldg lots of character very upgraded, sprinklered redone plumbing, elec, flrs, kitchs, roof, baths. Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5%. Prof managed well maintained good Tenants. Great hands off investment, or great non-profit housing OTE! Seller consider VTB 2nd mortgage good terms to Qualified Buyer, call LS Details. Showing Preferred Fri Afternoon 2 Day Notice. Call LS viewing, info pkg. Showing Fri April 25 @ 12:30pm gone by 1:30pm by Appt.
Bob Bracken
Bob Bracken
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Low Rise (2-4 storeys), Mixed Use, Mul Tenant/MultiPlex (5+)
# Units Total:
15
# Other Units:
12
# of Apartments:
3
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
1
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
2
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1910 (Age: 115)
Living Area:
6,100 sq. ft.
Subject Property Depth:
50'
Subject Property Width:
30'6"
Title to Land:
Freehold
Lot Area:
1,742.4 sq. ft.
Zoning:
RT-3
Electricity:
No
Env Assmt Comment:
none
Parcel Number:
011151811
Taxes:
$6,775.99 / 2023
No
3.255% 1ST $100,000 PLUS 1.1625% OF BALANCE
Water Rights:
No
Env Assmt Phase:
Yes
Cap Rate %:
4.5
Gross Income:
210594.0
Oper. Expenses:
92077.0
Other Income:
$4,593
Effective Gross Income:
$215,187
Net Operating Income:
$123,110
Original Price:
$2,750,000
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Listed by RE/MAX Real Estate Services
Data was last updated April 29, 2025 at 12:40 AM (UTC)