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$2,595,000
Est. payment /mo
4,200 SqFt
UPDATED:
01/29/2025 06:49 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $617
Subdivision Hastings
MLS Listing ID C8066094
Year Built 1910
Annual Tax Amount $6,036
Tax Year 2024
Property Description
Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don''t miss this rare offering! Showings only after accepted offer
Location
Province BC
Community Hastings
Area Vancouver East
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Exterior
Roof Type Asphalt Shingles
Building
Dwelling Type Multi-Family Commercial
Story 2
Water Municipal
Structure Type Wood Frame
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Listed by SRS Panorama Realty
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Zomorodian Real Estate Group
Team Leader | License ID: V99000
Team Leader License ID: V99000