Property

Vancouver, BC V6A1H6 786 Powell Street

786 Powell Street Vancouver, BC - Image 1786 Powell Street Vancouver, BC - Image 2786 Powell Street Vancouver, BC - Image 3
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786 Powell Street Vancouver, BC - Image 4
  • MLS# C8059035
  • 04/09/2024
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Presented By: Stonehaus Realty Corp.
  • SQFT • 4,682

Home Details

Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, with both floors fully leased to professionals, with desirable lease terms. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1. With a desirable cap rate of 4.5%, increasing to 4.7% by Year 3, secure a hassle-free, income-producing asset in a thriving area. The lease terms include built-in rental escalations, ensuring the potential for increasing returns. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth.
Presented By: Stonehaus Realty Corp.

General for 786 Powell Street

CityVancouver
RegionGreater Vancouver
StatusACTIVE
SubdivisionStrathcona
Transaction TypeFor Sale
Year Built1978

Additional Details

NAV SEKHON

Realtor
Price $2,995,000
MLS#C8059035
List Date 04/09/2024
Property Type Commercial
Phone
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