- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8066094
- Build. Type:
- Low Rise (2-4 stories)
- Photos (5)
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Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don't miss this rare offering! Showings only after accepted offer
- Sale Type:
- Asset
- Sublease:
- No
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 8
- # 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
- # Storeys:
- 2.0
- Year built:
- 1910 (Age: 115)
- Total Floor Area:
- 4,200 sq. ft.
- Lot Area:
- 6,036 sq. ft.
- Lot Depth:
- 121.94
- Lot Frontage:
- 49'6"
- Land Use/Zoning:
- RM-3A
- Permitted Use:
- Multifamily (5+), Residential
- Taxes:
- $6,036 / 2024
- Laundry Facility, Visitor Parking
- Services Connected:
- Electricity, Fully Serviced, Garbage Collection, Lane, Lane Paved, Paved Streets, Sewer - Storm
- Water Supply:
- Municipal
- HVAC:
- Baseboard, Electric
- Sewer Septic:
- Municipal/Community
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- Yes
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Listed by SRS Panorama Realty
Data was last updated February 22, 2025 at 12:10 PM (UTC)
- ТANYA URBAN
- TEAM 3000 REALTY LTD.
- 1 (604) 807-6039
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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