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326 Powell Street street 42 Unit Apartment Building $3,200,000 CAD ($76,190 CAD/Unit) 3% Cap Rate Vancouver, BC V6A 1G4
Investment Highlights
- Located in Vancouver’s historic Chinatown, a culturally rich and high-demand urban district
- Excellent transit accessibility with a Walk Score of 98 and Transit Score of 93
- Zoned DEOD, allowing for a variety of commercial and residential uses, including mixed-use redevelopment
- Currently configured as a 42-unit rooming house/hotel, generating income potential during repositioning
- Situated in an area experiencing ongoing revitalization and investment activity
Executive Summary
Exceptional investment opportunity in the heart of Vancouver’s historic Chinatown. This building operates as a Rooming House / Hotel and has 42 units in total, ideal for transitional housing, hostel-style accommodations, or long-term room rentals. Zoned DEOD, it allows for a variety of commercial and residential uses, making it an ideal candidate for repositioning or redevelopment.
Property Facts
| Price | $3,200,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $76,190 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 3% | Building Size | 3,050 SF |
| No. Units | 42 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1901 |
| Property Subtype | Apartment | ||
| Zoning | DEOD - Permits a variety of commercial and residential use | ||
| Price | $3,200,000 CAD |
| Price Per Unit | $76,190 CAD |
| Sale Type | Investment |
| Cap Rate | 3% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,050 SF |
| No. Stories | 4 |
| Year Built | 1901 |
| Zoning | DEOD - Permits a variety of commercial and residential use |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
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326 Powell Street street
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