Fully Tenanted Mixed-Use Building | 5% Cap Rate | Prime Investment Opportunity Originally built in 1991 and thoughtfully updated, this fully tenanted building offers a stable income stream with a 5% capitalization rate. The property features a well-balanced mix of residential and retail space, including three spacious 2-bedroom residential units one retail unit, and one storage'with large private balconies, south-facing park views with individually metered electricity. Designed in a unique courtyard style, the building provides residents with secure and generous outdoor space. On the ground floor, a high-visibility retail unit with soaring ceilings and electronic security shutters is leased to a popular local convenience store, ensuring reliable commercial tenancy and steady foot traffic. Ideally located in a vibrant, fast-growing neighborhood, this property presents a compelling opportunity for investors seeking long-term value and exposure to one of the area's most culturally dynamic corridors. (id:4069)
Address
477 POWELL STREET
List Price
$2,770,000
Property Type
Multi-family
Transaction Type
sale
Area
British Columbia
Sub-Area
Vancouver
Floor Area
5,600 Sq. Ft.
Lot Size
3050 Sq. Ft.
Year Built
1991
MLS® Number
C8071032
Listing Brokerage
1NE Collective Realty Inc.
Postal Code
V6A1G7
Zoning
DEOD COMPRE DEV
Amenities
Balconies
