Bob Bracken's Listings

406 UNION Street
Strathcona Vancouver V6A 2B6

$2,750,000
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
Photo 41: 406 UNION Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8061080
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8061080
Build. Type:
Low Rise (2-4 stories)
Here is information on Bob's New 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 4.7%. 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 Info Pkg, Floor Plan & viewings. 1st Showing Sun July 7th @ 1:00pm by Appointment, call if you wish to attend.
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix, Multiple Tenant/Multi-Plex (5+)
# Units:
15
# Other Units:
12
# of Appartments:
3
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
1
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
2
# of 2 Bedroom Appartments:
0
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1910 (Age: 114)
Total Floor Area:
6,100 sq. ft.
Lot Area:
1,525 sq. ft.
Lot Depth:
50
Lot Frontage:
30'6"
Land Use/Zoning:
RT-3
Taxes:
$6,775.99 / 2023
Env Assmt Phase:
Yes
Cap Rate %:
4.5
Other Income:
$4,593
Effective Gross Income:
$215,187
Gross Income:
$210,594
Oper. Expenses:
$92,077
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 July 13, 2024 at 06:10 PM (UTC)

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.