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556 POWELL Street
Strathcona Vancouver V6A 1G9

$2,250,000
Multi-Family Commercial, Retail

Main Photo: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Photo 1: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Photo 2: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Photo 3: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Photo 4: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Photo 5: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8065902
Build. Type:
Freestanding
The subject property is located on the south side of Powell St in Vancouver’s Railtown District. The building is comprised of 23 S.R.O.units on the 2nd and 3rd floors with the main floor being high ceiling retail space, which is currently leased to Promise Vancouver, a nonprofit organization that provides care for children and youth. It is the 4th lot in a potential 5 lot assembly starting at the corner of Princess Avenue in the Downtown Eastside Oppenheimer District of Vancouver. The 5 lots combined would total 150 feet of frontage on Powell St.
Sale Type:
Asset
Construction:
Brick/Masonry, Wood Frame
Building Type:
Freestanding, Residential Mix
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
23
# Other Units:
# of Apartments:
23
# of Bachelor Apartments:
23
# Storeys:
3.0
Year built:
1912 (Age: 113)
Total Floor Area:
12,000 sq. ft.
Lot Area:
3,050 sq. ft.
Lot Depth:
122
Lot Frontage:
25'
Land Use/Zoning:
DEOD
Permitted Use:
Multifamily (5+), Retail
Taxes:
$10,551.3 / 2024
# Elevators:
0
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
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  • Photo 2: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
    Photo 2 of 5
  • Photo 3: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
    Photo 3 of 5
  • Photo 4: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
    Photo 4 of 5
  • Photo 5: 556 POWELL Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8065902
    Photo 5 of 5
Listed by NAI Commercial
Data was last updated February 5, 2025 at 09:10 AM (UTC)
ALEX REN
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