Here is Information for 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, 1 Block to the new St Paul Hospital & Health Campus, Future of Medicine in Canada; Minutes to Downtown, & near the Heart of Chinatown.
This Historic Character Building is 4500 SF on 3 Floors plus a 1500 SF unfinished Basement. Suite Mix: Ground Floor 3 S/C Suites, 2nd & 3rd Floors Each with 6 Furnished Single Rooms (Total 12), Each with Sink Vanity & Bed. These 2 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 City of Vancouver SRA Rental Rate Restricted, while the rest are all Unrestricted Market Rentals including the 3 Ground Floor S/C Suites Each w own Entrance & Address. 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 & has been upgraded, with redone Plumbing, Electrical, Floors, Roof, Kitchens & Baths. The Property is Professionally managed & well maintained with Quality Tenants. This Property is an Excellent "Hands Off" Investment, or Great Non-Profit Housing Opportunity. It is Great for Investors, Owner-Occupiers, Shared Ownership. Showings 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 w Good Terms to Qualified Buyer. Asking Price $2,595,000
Property Type:
Residential Income
Dwelling Type:
Other
Home Style:
Three Or More Levels
Ownership:
Freehold NonStrata
Year built:
1910
(Age: 116)
Living Area:
4,575 sq. ft.425 m2
Floor Area - Unfinished:
1,525 sq. ft.142 m2
Building Area - Total:
6,100 sq. ft.567 m2
Levels:
Three Or More
Bedrooms:
14
(Above Grd: 14)
Bathrooms:
7.0
(Full:7/Half:0)
Kitchens:
5
Rooms:
27
Taxes:
$8,399.01 /
2025
Lot Area:
1,525 sq. ft.142 m2
Lot Frontage:
50'15.2 m
Lot Details:
50 x 30.5
Outdoor Area:
No Outdoor Area
Water Supply:
Public
Plan:
VAP775
Construction Materials:
Frame Wood, Wood Siding
Foundation:
Concrete Perimeter
Basement:
Full, Partially Finished
Roof:
Torch-On
No. Floor Levels:
3.0
Floor Area Fin - Above Grade:
4,575 sq. ft.425 m2
Floor Area Fin - Above Main:
1,525 sq. ft.142 m2
Floor Area Fin - Above Main 2:
1,525 sq. ft.142 m2
Floor Area Fin - Main:
1,525 sq. ft.142 m2
Floor Area Fin - Below Main:
0 sq. ft.0 m2
Floor Area Fin - Below Grade:
0 sq. ft.0 m2
Floor Area Fin - Basement:
0 sq. ft.0 m2
Floor Area Fin - Total:
4,575 sq. ft.425 m2
Heating:
Forced Air, Natural Gas
Parking Features:
None
Parking:
None
# Of Parking Spaces - Total:
0
Parking Total/Covered:
0 / -
No Outdoor Area
Fire Sprinkler System, Smoke Detector(s)
5
Fire Sprinkler System, Smoke Detector(s)
LOT A, BLOCK 103, PLAN VAP775, DISTRICT LOT 196, NEW WESTMINSTER LAND DISTRICT, OF LOTS 1 & 2
Floor
Type
Size
Other
Main
Living Room
14'4.27 m × 10'3.05 m
-
Main
Kitchen
8'2.44 m × 6'1.83 m
-
Main
Bedroom
13'3.96 m × 8'6"2.59 m
-
Main
Living Room
15'4.57 m × 12'3.66 m
-
Main
Kitchen
10'3.05 m × 8'2.44 m
-
Main
Bedroom
11'3.35 m × 10'3.05 m
-
Main
Loft
11'3.35 m × 10'3.05 m
-
Main
Living Room
13'6"4.11 m × 13'3.96 m
-
Main
Kitchen
9'2.74 m × 7'2.13 m
-
Above
Kitchen
14'6"4.42 m × 14'6"4.42 m
-
Above
Bedroom
17'5.18 m × 10'6"3.20 m
-
Above
Bedroom
14'4.27 m × 8'2.44 m
-
Above
Bedroom
10'3.05 m × 8'2.44 m
-
Above
Den
8'2.44 m × 8'2.44 m
-
Above
Bedroom
14'4.27 m × 10'6"3.20 m
-
Above
Bedroom
11'3.35 m × 7'2.13 m
-
Above
Bedroom
11'3.35 m × 7'2.13 m
-
Abv Main 2
Kitchen
14'6"4.42 m × 10'6"3.20 m
-
Abv Main 2
Study
10'3.05 m × 7'2.13 m
-
Abv Main 2
Bedroom
17'5.18 m × 10'6"3.20 m
-
Abv Main 2
Bedroom
14'4.27 m × 11'3.35 m
-
Abv Main 2
Bedroom
14'4.27 m × 8'2.44 m
-
Abv Main 2
Bedroom
16'4.88 m × 10'6"3.20 m
-
Abv Main 2
Bedroom
11'3.35 m × 7'2.13 m
-
Abv Main 2
Bedroom
11'3.35 m × 7'2.13 m
-
Below
Laundry
12'3.66 m × 12'3.66 m
-
Below
Storage
43'13.10 m × 13'3.96 m
-
Floor
Ensuite
Pieces
Other
Main
No
4
Main
No
4
Main
No
3
Above
No
3
Above
No
3
-
No
3
-
No
3
Age Restrictions:
No
By-Law Infractions:
N
Property Disclosure:
No
Fixtures Leased:
No
Home Owners Association:
No
Original Price:
$2,595,000
Land Lease:
No
Zoning:
RT-3
Utilities:
Electricity Connected, Natural Gas Connected, Water Connected
Data was last updated January 25, 2026 at 04:40 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$2,299,000
Min list price:
$1,549,000
Max list price:
$9,800,000
Avg days on market:
55
Min days on market:
6
Max days on market:
380
Avg price per sq.ft.:
$657.23
These statistics are generated based on the current listing's property type
and located in
Vancouver East. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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.
looking at buying
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.
