This is a Rare 8 Unit Mixed Use Brick Legal Building in the Heart of Vancouver's Downtown Entertainment District, with VTB possibility & Achievable 5.3% Cap Rate. Character 12,000 SF, 4 Level Mixed Use Bldg on 25'x120' lot in DT Comp Dev/Entertainment District w 2 Floors of Commercial/Retail plus 2 Floors w 6 Residential Units. Bsmt & Street Level spaces (now vacant Owner's choice) each approx 3,000 SF, w separate entrances, meters, h/w tanks. Bsmt: Open, bright w 5 baths was leased @ approx $5,000/mo plus CAM's (prop tax, utilities, insurance). Street Level unit-Cool, open, 12'-16' ceilings, brick walls, polished wood floors, 2 baths, office, was leased @ approx $10,000/mo & CAM's. Both Commercial Units qualify for a wide variety of retail uses, according to City of Vancouver Zoning & Development Bylaw & could easily be re-leased. The 2nd & 3rd Floors, each also approx 3,000 SF, contain 6 Legal Residential, 1 & 2 Bdrm Suites (3 per floor). All 6 Suites are self-contained with high ceilings, original wood floors & mouldings, restored red brick walls, authentic cast iron radiators, own meters, large rooms & separate entrances. Bldg in decent condition, w structural, seismic, electrical & plumbing upgrades. The Owner currently keeps 2 of the Residential Units for their own use. With the remaining 4 Residential Units there are currently 3 Suites rented (below market) for a total of approx $6,000/mo & 1 Suite vacant. The Owner-occupied Units would be easily & quickly rented at higher market rent. With some cosmetic work, the Residential Units should easily rent for at least $15,000/mo. Overall, the Building could generate at least $30,000/mo or $360,000/yr to give GRM=16.7 X Earnings & Cap Rate of 5.3%. As an additional bonus, & great opportunity, the Seller may be willing to Carry a VTB 1st Mortgage to a Qualified Buyer. Superb Downtown Location. It has Great next door neighbours, with a newer Bosa built rental/tenant Building to the South, and the classy Chateau Granville Hotel & Suites to the North. Great for Investors, End Users & Developers, Fabulous Potential. Showings w 2 day notice, must confirm. Contact Bob Bracken 604-220-2035 for info pkg, floor plan. Showing Sat May 13th @ 1:00pm by Appointment Only, must confirm. See What the Vancouver City is Saying "Get Ready for a New Granville Street" https://vancouver.ca/news-calendar/get-ready-for-a-new-granville-street.aspx Thanks!