221 E Georgia St - Apartments FOR SALE


Vancouver, BC V6A 1Z6
$2,250,000 CAD
778-653-9673
221 E Georgia St, Vancouver, BC for Sale
$2,250,000 CAD
Apartments - FOR SALE
1/7
null | 6.32% Cap Rate

221 E Georgia St
Vancouver, BC V6A 1Z6


HIGHLIGHTS

  • 3-storey SRO building with 16 rooms plus ground floor retail
  • Current Gross Income: $175,734 annually
  • Net Operating Income (NOI): approx. $142,200
  • Cap Rate: 6.3%
  • Recent roof repairs and structurally in good condition
  • Situated on 3,000 SF lot with approx. 9,000 SF of building area

OVERVIEW

FOR SALE | Chinatown SRO + Retail with Strong Cash Flow & Future Upside - Cap Rate: 6.3% Located in the beautiful historic neighbourhood of Chinatown, this three-storey SRO building offers a unique investment opportunity. Built in 1921, the property is structurally in good condition with recent roof repairs completed. The building features 16 rooms plus a retail unit and generates strong rental income. With the upcoming FIFA World Cup in Vancouver, the property represents a prime opportunity for hotel or short-term rental conversion, adding significant future upside for investors. Highlights • 3-storey SRO building with 16 rooms plus ground floor retail • Current Gross Income: $175,734 annually • Net Operating Income (NOI): approx. $142,200 • Recent roof repairs and structurally in good condition • Situated on 3,000 SF lot with approx. 9,000 SF of building area • Ideal for hotel or short-term rental conversion • Closed to Downtown Vancouver and St. Paul’s Hospital • Strong Walk / Transit Scores

FOR SALE DETAILS

PRICE

$2,250,000 CAD

PRICE/SF

$315 CAD /SF

# OF UNITS

16

PRICE/UNIT

$140,625

CAP RATE

6.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,053 SF

ZONING

HA-1A

APN/PARCEL ID

015-662-128

ASK ABOUT THIS PROPERTY

Kevin SojoodiNAI Commercial VancouverMore Info
778-653-9673

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Kevin SojoodiNAI Commercial VancouverMore Info
778-653-9673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.