477 Powell Street Vancouver, British Columbia V6A 1G7

$2,770,000

Fully Tenanted Mixed-Use Building | 5% Cap Rate | 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:46156)

Property Details

MLS® Number	C8071032
Property Type	Multi-family

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 Compre Dev

Utilities

Electricity

Available

https://www.realtor.ca/real-estate/28652939/477-powell-street-vancouver