406 Union St 15 Unit Apartment Building $2,595,000 CAD ($173,000 CAD/Unit) 5.14% Cap Rate Vancouver, BC V6A 2B6

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