Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000 with 8 - 1 bedroom units, 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 (id:4069)
Address
2026 FRANKLIN STREET
List Price
$2,595,000
Property Type
Multi-family
Area
British Columbia
Sub-Area
Vancouver
Floor Area
4,200 Sq. Ft.
Lot Size
6036 Sq. Ft.
Year Built
1910
MLS® Number
C8066094
Listing Brokerage
SRS Panorama Realty
Postal Code
V5L1R3
Zoning
RM-3A
Features
Lane
