Active Listings

406 Union Street
Strathcona Vancouver V6A 2B6

$2,599,000
Commercial Sale

Main Photo: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 1: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 2: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 3: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 4: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 5: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 6: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 7: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 8: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 9: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 10: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 11: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 12: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 13: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 14: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 15: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 16: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 17: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 18: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 19: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 20: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 21: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 22: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 23: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 24: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 25: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 26: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 27: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 28: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 29: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 30: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 31: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 32: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
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Photo 34: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 35: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 36: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 37: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 38: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 39: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 40: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Photo 41: 406 Union Street in Vancouver: Strathcona Commercial Sale for sale (Vancouver East)  : MLS®# C8061080
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
C8061080
Build. Type:
Low Rise (2-4 storeys)
Here is New information - New Price - for Bob's Listing The HIP-O Building at 406 Union Street Vancouver, a Cool 3 Storey plus Basement, Income Property 15 Units. Located in Trendy Strathcona, close to the new St Paul Hospital & Health Campus, minutes to Downtown, & near the Heart of Chinatown. This Historic Character Building is 4500 SF plus 1500 SF unfinished Basement. Suite Mix: Ground Floor 3 S/C Suites, 2nd & 3rd Floors Each with 6 Furnished Single Rooms with Sink Vanity, Murphy Bed. These Floors Each also have Modern Kitchen, 2 Bathrooms & Common Area. There is Coin Laundry, Bike Storage & Lockers for Rent in the 1500 SF Basement which is largely unused/available. 2 of the 12 Single Rooms are COV SRA Rental Rate Restricted, while the rest are Unrestricted Market Rentals including the 3 Ground Floor S/C Suites. The Excellent 15 Units Property has Huge Cashflow, Gross Income $17,916/mo, $214,992/yr, NOI $130,157/yr, Cap Rate 5%. The 1910 Building retains lots of Character but is very upgraded, with redone Plumbing, Electrical, Floors, Roof, Kitchens & Baths. Property is Professionally managed, well maintained with Quality Tenants. This Property is an Excellent "Hands Off" Investment, or Great Non-Profit Housing Opportunity. Investors, Owner-Occupiers, Shared Ownership. Showings Preferred Fridays Afternoon with 2 Day Notice by Appointment, must confirm attendance. Call Bob Bracken at 604-220-2035 for All Details, Info Pkg, Floor Plan & Viewings. Note: Seller will consider Vendor Take Back (VTB) 2nd Mortgage with Good Terms to Qualified Buyer. New Asking Price $2,599,000 - Reduced By $151,000!
Sale Type:
Asset
Property Type:
Commercial Sale
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 3, 2025 at 08:40 AM (UTC)

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