5,600 ft2
$2,670,000
Fully Tenanted Mixed-Use Building | 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:62739)
Property Details
|
MLS® Number
|
C8076073 |
|
Property Type
|
Multi-family |
|
Neigbourhood
|
Japantown |
Building
|
Amenities
|
Balconies |
|
Constructed Date
|
1991 |
|
Size Interior
|
5,600 Ft2 |
Land
|
Acreage
|
No |
|
Size Irregular
|
3050 |
|
Size Total
|
3050 Sqft |
|
Size Total Text
|
3050 Sqft |
|
Zoning Description
|
Deod Comprehensive |
Utilities
|
Electricity
|
Available |
|
Natural Gas
|
Available |
|
Sewer
|
Available |
https://www.realtor.ca/real-estate/29347593/477-powell-street-vancouver