100% fee simple interest in 309 & 313 Alexander Street (the 'Property'), a renovated three storey SRA building and accompanying vacant site with secondary frontage onto Railway Street. The property is comprised of 24 single room occupancy units, a six stall parking lot & recently upgraded interior & exterior of the building were fully renovated in 2012. There is assumable financing available from Blueshore Financial Credit Union. Secure in place cash flow with potential to reposition the asset. Freestanding building with character fee, good ceiling heights, updated fixtures & hardwood floors; interior & exterior renovations. Strong demand for the area & rising rents attractive to investors & developers. Views from the 2nd & 3rd floors of Downtown & the North Shore Mountains. In close walking proximity to the popular amenity offerings of Gastown & Chinatown to the west & Railtown to the east. The 2 lots (309 & 313 with the building) may be available separately.
|Address||309-313 ALEXANDER STREET, Vancouver East|
|Type of Dwelling||COMM|
|Floor Area||4,537 Sq. Ft.|
|Lot Size||3132 Sq. Ft.|
|Listing Brokerage||RE/MAX Select Properties|
|Postal Code||V6A 1C4|