Description
Prime investment opportunity at 2026 Franklin Street! This fully managed property generates an impressive annual NOI of $120,000 with 8 – 1 bedroom units, 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:62103)
Details
4200 square feet
1910
Address
- Address FRANKLIN
- City Vancouver
- Zip/Postal Code V5L1R3
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
