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!