Offered at a 6.10% cap rate and $119,000 per unit, 527 East Georgia Street is a rare multifamily opportunity in Vancouver. This 42-unit SRA building, located between historic Strathcona and Chinatown, features ceiling heights up to 11 feet and updated units with modern vinyl flooring. Shared amenities include nine washrooms, a large common kitchen and second-floor kitchenette, laundry on each level, bike storage, a secure rear courtyard, covered patio, and complimentary Wi-Fi…. Recent upgrades include three new hot water tanks (2023) and cosmetic renovations. With an unbeatable yield and the $2.18B Jim Pattison Medical Campus reshaping the area, investors will enjoy cashflow protection and appreciation for years to come.
Listed by Paradigm Group Commercial Real Estate Services.