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330 E Hastings Street Vancouver, British Columbia V6A 1P4

4200 sqft

$1,878,000

Mixed-use Building in 300 Block of East Hasting Street in area of future growth and development. DEOD zoned 25'x122' lot, 3 level 4200 SF (approx.) Bldg. Main floor has 1 Commercial space leased to Health Agency, and 1 Retail store rented to long term proprietor. Upper floors has three 2 Bdrm Suites and 1 Bdrm Suite rented to long term tenants. Gr Income $6580/mo, $78,960/yr (3.2% Cap Rate) with substantial rental upside ($130k/yr based on rentable $2.80/net SF/mo). Adjacent property at 320 E Hastings being developed for 11 Storey social housing project (est completion 2025). The Local Area Plan (LAP) for this section of the Downtown Eastside Oppenheimer District (DEOD) allows for low income mixed use housing of up to 5.0 FSR, 75' building height, so there is future assembly/rezoning/development potential for the property Contact LS for details, info pkg, viewings. (id:27293)

Property Details

MLS® Number C8048950
Property Type Multi-family

Building

Constructed Date 1909
Size Interior 4200 Sqft

Land

Acreage No
Size Irregular 3050
Size Total 3050 Sqft
Size Total Text 3050 Sqft
Zoning Description Deod

https://www.realtor.ca/real-estate/25210255/330-e-hastings-street-vancouver

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