383 E HASTINGS Street
Strathcona
Vancouver
V6N 3E6
$1,480,000
Land Commercial, Multi-Family Commercial
- Prop. Type:
- Land Commercial, Multi-Family Commercial
Character 3 Level & Attic, 3310 SF Income Property with 3 Suites @ 383 East Hastings, located in the heart of Strathcona, an area of Future Growth & Development. The 1907 House contains 2X2 Bdrm & 1X3 Bdrm Self Contained Units w good Tenants. Current Income $4,200/mo, $50,400/yr, Cap Rate 2.5% with Rental upside. Potential Income $7,100/mo, $85,200/yr, Cap Rate 4.8% based on $2.15/net SF/mo. Good Condition w Wood Floors, High Ceilings, Original Character Details, big unfinished (400 SF) Attic used for storage, each Unit has front & rear access, Secure Fenced, Gated Yard w Rear parking. This is a Great Investment Property, or Family/Shared Owners Home with great future growth value.
Developers Opportunity - Potential Assembly Just Got Better: The City of Vancouver Local Area Plan (LAP) for this area of the Downtown Eastside Oppenheimer District (DEOD) Zoning District allows rezoning to high density, low income mixed used housing, of up to 5.0 to 7.5 FSR, 75' Building Height. Similar projects underway at West end of the block. Potential Assembly Just Got Better with the recent listing of the 3 adjacent properties (total 75' frontage) to the immediate West of the 383 E Hasting property @ 367, 371 & 381 E Hastings.
Great Location, steps to Chinatown, Gastown, mins to Downtown or Commercial Drive & the new St. Paul's Hospital 5 min walk. Close to Transit, Shops, Restaurants, Cafes, Rogers Stadium. A Winner, Hidden Opportunity In Plain Sight - Don’t Miss! This is a great for Investors, Owner Occupiers, Shared Ownership & Developers. Vancouver Walk Score 95, Transit Score 92, Bike Score 96. Please contact Bob Bracken 604-220-2035 for Information Package, all Details. Showings by Appointment, 2 Day Notice. Showing Sat May 27th @ 1:30pm by Appointment Only, must confirm. Thanks.
Listed by RE/MAX REAL ESTATE SERVICES
Data was last updated May 31, 2023 at 07:05 PM (UTC)
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