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477 Powell Street
Strathcona Vancouver V6A 1G7

$2,670,000
Multi-Family Commercial

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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8073271
Build. Type:
Mixed Use
5 Separate Rental Units • Mixed-Use Commercial & Residential • High Income + Redevelopment Potential. Prime investment property built in 1991 and thoughtfully updated. This asset delivers immediate income and long-term upside through redevelopment — ideal for investors, developers and land-bankers alike. Five distinct rental units offering a diversified mix of commercial and residential tenancies. Zoned DEOD (Downtown Eastside/Oppenheimer District) permitting both commercial and residential uses under the district plan. Corner-lot advantage: elevated frontage, visibility, and redevelopment flexibility. Excellent location: minutes from major employment hubs, transit and the future development of the new hospital campus. Strong upside: area transformation underway with supportive zoning and revitalization initiatives.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
3
Building Type:
Mixed Use, Street-Level Storefront
# Units Total:
5
# Other Units:
5
# of Apartments:
3
# of Studio Apartments:
0
# of Penthouse Apartments:
1
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
0
# of 2 Bedroom Apartments:
3
# of 3 Bedroom Apartments:
0
Year built:
1991 (Age: 34)
Living Area:
5,600 sq. ft.
Subject Property Depth:
0'
Subject Property Width:
0'
Subject Space Depth:
122'
Subject Space Width:
25'
Contiguous Spc:
0 sq. ft.
Minimum Divisible Area:
0 sq. ft.
Lot Area:
30,492 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
Yes
Services Connected:
Electricity Connected, Natural Gas Connected
Sewer:
Public Sewer
Parcel Number:
006962459
Taxes:
$16,536.8 / 2025
Balconies, Laundry Facility, Storefront, Washrooms Female/Male
No
Water Supply:
Public
Water Rights:
No
Roof:
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Association Fee:
$.00
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
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Listed by 1NE Collective Realty Inc.
Data was last updated October 25, 2025 at 03:40 PM (UTC)
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