Fully tenanted and professionally managed, this multi-family property generates over $120,000 in annual NOI, plus additional coin laundry income. Just 10 minutes from downtown, it offers stable cash flow, low maintenance, and strong returns in a rapidly growing neighborhood. A rezoning application has been submitted to allow for a 6-storey, 21-unit rental building, with preliminary support from the City. Priced at $2.5M, this is a rare opportunity to secure dependable income today with long-term upside tomorrow. Showings only after accepted offer.

General Info:

Sale Type:: Asset

Sublease:: Yes

Ownership:: Freehold

Property Type:: Multi-Family Commercial

Commercial Type:: Multi Family

Construction:: Frame Wood

Num Storeys:: 2

Building Type:: Low Rise (2-4 storeys)

# Units Total:: 8

# Other Units:: 0

# of Apartments:: 8

# of Studio Apartments:: 0

# of Penthouse Apartments:: 0

# of Bachelor Apartments:: 0

# of 4+ Bedroom Apartments:: 0

# of 1 Bedroom Apartments:: 8

# of 2 Bedroom Apartments:: 0

# of 3 Bedroom Apartments:: 0

Year built:: 1910 (Age: 115)

Living Area:: 4,200 sq. ft.390 m2

Subject Property Depth:: 121'11"37.2 m

Subject Property Width:: 49'6"15.1 m

Contiguous Spc:: 0 sq. ft.0 m2

Minimum Divisible Area:: 0 sq. ft.0 m2

Lot Area:: 6,098.4 sq. ft.567 m2

Zoning:: Signup

Potential to Redevelop:: CoV supports the rezoning to CD-1 to permit six story, No

Fencing:: Signup

Parking:: Guest

# Of Parking Spaces - Total:: Signup

Road Frontage:: Signup

Road Surface:: Paved

Heating:: Signup

Cooling:: Electric

Electricity:: Yes

Services Connected:: Electricity Connected, Fully Serviced, Garbage Collection

Sewer:: Public Sewer, Storm Sewer

Parcel Number:: 011689510

Taxes:: $8,256.4 / 2024

Your Satisfaction Is My Top Priority

New MLS Listings – Commercial Real Estate for Sale in Vancouver

2026 Franklin Street
Hastings Vancouver V5L 1R3

$2,498,888
Multi-Family Commercial

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