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$ 2,545,000
Est. payment | /mo
6,098 Sqft Lot
$ 2,545,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type Asset
MLS Listing ID C8066094
Year Built 1910
Lot Size 6,098 Sqft
Property Sub-Type Multi Family
Property Description
Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000 with 8 - 1 bedroom units, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don't miss this rare offering! Showings only after accepted offer
Location
Province BC
Community Hastings
Area Vancouver East
Zoning RM-3A
Interior
Heating Baseboard, Electric
Cooling Electric
Exterior
Utilities Available Electricity Connected, Fully Serviced, Garbage Collection
Roof Type Asphalt
Street Surface Paved
Building
Story 2
Sewer Public Sewer, Storm Sewer
Water Public
Others
Restrictions None Known
Ownership Freehold
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