$2,359,000
FOR SALE

Multiplex

406 Union Street
Vancouver, BC V6A 2B6

The HIP-O Cool Strathcona 3 Storey Plus Basement 15 Unit Historic workforce/co-living Bldg near Chinatown, new St Paul Hospital, mins to D/T. The 4500 SF Bldg + 1500 SF unfin Bsmt was reno'd in 2016-2019 w new sprinklers, plumbing, elec, flrs, kitchs, roof, baths. Ground Flr has 3 S/C Suites; 2nd & 3rd Flrs Each contain 6 (total 12) furnished single rooms w sink vanity & bed, Each Flr has modern kitchen, 2 baths, common area. Bsmt has laund, bike storage, rental lockers & Utility area. Gr Income $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%. Prof managed, maintained w good Tenants. Great hands off investment, perfect for immigration/student housing, non-profit housing groups. New St. Paul's campus could attract medical community Users! Seller will consider VTB 2nd mortgage to Qualified Buyer, Showing w 2 Day Notice. Call LS viewing, info pkg. Showing Fri May 8 @ 11:00am by Appt. Call to Attend. (id:47421)
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Listed By RE/MAX Real Estate Services
Data Provided By Greater Vancouver REALTORS®
MLS® Listing Number C8075345
Last Updated May 06, 2026
Property Summary
Property Type Multiplex

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Price History

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Detailed Information
Property Type Multi-family
Transaction Type For sale
Zoning Description RT-3
Building
Constructed Date 1910
Land
Total Size 1525 square feet
Size of Irregular Land 1525

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