2026 Franklin Street Vancouver, British Columbia V5L 1R3
$2,595,000
Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000, supplemented by coin laundry income. Located just 10 minutes from downtown Vancouver, it offers stable returns and incredible future potential. A rezoning application has been submitted to CD-1, proposing a 6-story, 21-unit rental building with a projected monthly rent roll of up to $45,000. The city has expressed support for the redevelopment in line with the Official Community Plan (OCP). Priced attractively, this property is perfect for investors looking for both immediate cash flow and long-term development potential. Don't miss this rare offering! Showings only after accepted offer (id:27293)
Property Details
| MLS® Number | C8066094 |
| Property Type | Multi-family |
| Features | Lane |
| Road Type | Paved Road |
Building
| Constructed Date | 1910 |
| Size Interior | 4,200 Ft2 |
Land
| Acreage | No |
| Sewer | Storm Sewer |
| Size Irregular | 6036 |
| Size Total | 6036 Sqft |
| Size Total Text | 6036 Sqft |
| Zoning Description | Rm-3a |
Utilities
| Electricity | Available |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/27847946/2026-franklin-street-vancouver
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January 29 2025 03:58:58
Greater Vancouver REALTORS®
Srs Panorama Realty
