Multifamily for Sale

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945-927 Princess Avenue
Strathcona Vancouver V6A 3E8

$2,690,000
Multi-Family Commercial

Stucco exterior with a covered porch and dormer windows
Photo 1: 945-927 Princess Avenue, Vancouver
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8080588
Build. Type:
Mixed Use
BRILLIANT investment! Own FOUR DUPLEX HOUSES with EIGHT SUITES PLUS 4 unfinished basement with separate entrance. Just down the street of Saint Paul's Health Campus and there's immediate and easy access to the downtown core -- this property is a wise investment! The site is pretty, quiet, tree-lined with convenient access to Skytrain/bus. Steps away there's Chinatown amenities: restaurants, financial services, cafes, shopping. Costco for groceries is nice and close, as are Elementary and Secondary schools. The four duplex houses are located on two lots, ready to achieve full rental potential with some development investment. The EIGHT units each have 1 bdrm, 1 bath, fir floors, balconies , and bsmt laundry access. There's original wood siding under the stucco. Prime for future land assembly. The roofs are 17 years old, & windows are 15 years old. This is part of the NEW HOSPITAL'S HEALTH/ FALSE CREEK INNOVATION DISTRICT NOTE: approx. $50,000 of finishing is needed to make all 8 sites rentable.
Sale Type:
Asset
Ownership:
Freehold
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
Mixed Use
# Units Total:
8
# Other Units:
0
# of Apartments:
8
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
0
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
8
# of 2 Bedroom Apartments:
0
# of 3 Bedroom Apartments:
0
Year built:
1908 (Age: 118)
Living Area:
6,243 sq. ft.
Lot Area:
6,250 sq. ft.
Zoning:
Potential to Redevelop:
Recent upgrade to City of Vancouver Community plan, No
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Road Surface:
Paved
Heating:
Electricity:
Yes
Services Connected:
Curb/Gutter, Electricity Connected, Garbage Collection, Street Lighting, Sanitary sewer at LotLine
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
015553795
Taxes:
$21,065.5 / 2025
No
Water Supply:
Public
Water Rights:
No
Roof:
Potential to Redevelop:
Recent upgrade to City of Vancouver Community plan, No
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Previous Price:
Original Price:
  • Photo 1: 945-927 Princess Avenue, Vancouver
    Stucco exterior with a covered porch and dormer windows
  • Photo 2: 945-927 Princess Avenue, Vancouver
    Brick facade residence featuring a second-story balcony with wrought iron railing
  • Photo 3: 945-927 Princess Avenue, Vancouver
    Stucco exterior featuring a covered front porch, concrete steps with wrought iron railings, a geomet
  • Photo 4: 945-927 Princess Avenue, Vancouver
    Stucco exterior featuring a covered entry porch
  • Photo 5: 945-927 Princess Avenue, Vancouver
    Stucco exterior residence with a covered porch entry
  • Photo 6: 945-927 Princess Avenue, Vancouver
    Site Plan. Depicting the property location and surrounding streets
  • Photo 7: 945-927 Princess Avenue, Vancouver
    Development Concept Package. Outlining a proposed health and life sciences employment campus, includ
  • Photo 8: 945-927 Princess Avenue, Vancouver
    Hardwood staircase with risers and treads, complemented by a hallway with wood-finish flooring and white baseboards
  • Photo 9: 945-927 Princess Avenue, Vancouver
    Compact kitchen featuring white cabinetry, a white gas range, and a two-tone subway tile backsplash
  • Photo 10: 945-927 Princess Avenue, Vancouver
    Compact kitchen featuring a gas range, a multi-toned subway tile backsplash, and wood-finish flooring
  • Photo 11: 945-927 Princess Avenue, Vancouver
    Exposed brick chimney accenting a space with wood-finish flooring, white vaulted ceilings, and globe lighting fixtures
  • Photo 12: 945-927 Princess Avenue, Vancouver
    Exposed brick accent wall with wood-finish flooring, recessed lighting, and a window providing natural light
  • Photo 13: 945-927 Princess Avenue, Vancouver
    Open concept living area featuring wood-finish flooring and a exposed brick structural element
  • Photo 14: 945-927 Princess Avenue, Vancouver
    Compact kitchen featuring wood-finish countertops, subway tile backsplash, white cabinetry, a gas range, and hardwood flooring
  • Photo 15: 945-927 Princess Avenue, Vancouver
    Sloped ceilings with recessed lighting complement the wood-finish flooring
  • Photo 16: 945-927 Princess Avenue, Vancouver
    Open-concept living space featuring wood-finish flooring, recessed lighting, and a sliding glass door
  • Photo 17: 945-927 Princess Avenue, Vancouver
    Living area featuring a prominent exposed brick column, hardwood flooring, white walls, and a window providing natural light
  • Photo 18: 945-927 Princess Avenue, Vancouver
    Bathroom featuring a pedestal sink with chrome fixtures, white square tile walls with dark grout, and a shower area with a curtain rod
  • Photo 19: 945-927 Princess Avenue, Vancouver
    Hardwood flooring extends throughout this upper-level space, featuring a window with exterior views
  • Photo 20: 945-927 Princess Avenue, Vancouver
    Wood-finish flooring complements white walls and recessed lighting
  • Photo 21: 945-927 Princess Avenue, Vancouver
    Concrete exterior stairs with wrought iron railing leading to an upper entrance
  • Photo 22: 945-927 Princess Avenue, Vancouver
    Stucco exterior with a white entry door featuring decorative glass inserts
  • Photo 23: 945-927 Princess Avenue, Vancouver
    Bright dining area featuring a sliding window, a contemporary spherical pendant light, and a black paneled entry door
  • Photo 24: 945-927 Princess Avenue, Vancouver
    Hardwood flooring complements a white-painted wall with a dark wood panel accent
  • Photo 25: 945-927 Princess Avenue, Vancouver
    Kitchen area featuring wood-finish cabinetry, a white gas range, and a white tile backsplash
  • Photo 26: 945-927 Princess Avenue, Vancouver
    Hardwood flooring complemented by white baseboards, white walls, and a textured area rug
  • Photo 27: 945-927 Princess Avenue, Vancouver
    Bright living space featuring hardwood flooring and white baseboards
  • Photo 28: 945-927 Princess Avenue, Vancouver
    Living area featuring wood-finish flooring, a contemporary ceiling fixture, a window with textured exterior, and an open doorway to another room
  • Photo 29: 945-927 Princess Avenue, Vancouver
    Hardwood-style flooring with a decorative area rug
  • Photo 30: 945-927 Princess Avenue, Vancouver
    Recessed closet featuring white panel doors, built-in shelving, and hanging rods
  • Photo 31: 945-927 Princess Avenue, Vancouver
    Bathroom featuring a pedestal sink, white toilet, and tub with white subway tile surround
  • Photo 32: 945-927 Princess Avenue, Vancouver
    Stucco exterior with a covered porch and concrete steps featuring wrought iron railings
  • Photo 33: 945-927 Princess Avenue, Vancouver
    Concrete walkway bordered by planted beds leading to exterior stairs
  • Photo 34: 945-927 Princess Avenue, Vancouver
    Exterior access featuring a paneled wood door, concrete steps, and a wall-mounted light fixture
  • Photo 35: 945-927 Princess Avenue, Vancouver
    Spacious utility basement featuring exposed wooden structural elements, a concrete floor, and paneling on the upper walls
  • Photo 36: 945-927 Princess Avenue, Vancouver
    Property Marketing Material. Illustrating a before and after comparison of the property's lower leve
  • Photo 37: 945-927 Princess Avenue, Vancouver
    Brick facade with an arched entry, concrete steps, and wrought iron railings
  • Photo 38: 945-927 Princess Avenue, Vancouver
    Expansive outdoor area featuring a mature vine-covered pergola, lattice fencing, and a stucco exteri
  • Photo 39: 945-927 Princess Avenue, Vancouver
    Pergola with string lighting and lush green foliage covering the wooden beams
  • Photo 40: 945-927 Princess Avenue, Vancouver
    Property Enhancement Comparison. Illustrating the transformation of an outdoor area on the property
Listed by RE/MAX Masters Realty
Data was last updated July 25, 2026 at 01:40 PM (UTC)
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