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477 POWELL STREET, Vancouver, British Columbia, V6A 1G7

MLS® # C8076073
new listing
Investment For Sale In Downtown Eastside, Vancouver, British Columbia
$2,670,000
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477 POWELL STREET, Vancouver, British Columbia, V6A 1G7
$2,670,000

Property Information:

Fully Tenanted Mixed-Use Building | 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:27)

Building Features:

  • Style: Multiplex
  • Amenities: Balconies
  • Floor Space: 5600 sqft

Property Features:

  • Property Type: Multi-family
  • Built in: 1991
  • Floor Space (approx): 5600 Square Feet
  • Irregular: Yes
  • Lot Size: 3050.00 Square Feet
  • Utility Type: Hydro - Available, Sewer - Available, Natural Gas - Available
  • Zoning: DEOD COMPREHENSIVE

Courtesy of: 1NE Collective Realty Inc.

REALTOR.ca  

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Market Price Trends

All Properties

-16.64%

Price change (1 year)

0.98%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 477 POWELL STREET, Vancouver, British Columbia, V6A 1G7

Demographic Information of 477 POWELL STREET, Vancouver, British Columbia, V6A 1G7

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$89,575.39

Average Number of Children

1.48

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.48 %

High school certificate or equivalent

27.99 %

Apprenticeship trade certificate/diploma

6.44 %

College/non-university certificate

15.45 %

University certificate (below bachelor)

1.03 %

University Degree

24.62 %

Commuter

Travel To Work

By Car

31.31 %

By Public Transit

23.95 %

By Walking

30.75 %

By Bicycle

8.94 %

By Other Methods

5.06 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

94.78 %

Houses

5.22 %

Own Vs. Rent

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