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