Strathcona Investment Opportunity
Strathcona Investment Opportunity
FOR SALE BY COURT ORDER
406 HART BUCK
UNION STREET VANCOUVER, BC
VICE PRESIDENT 604 662 2646 [email protected]
STEVE FAME*
VICE PRESIDENT 604 661 0894 [email protected]
FOR SALE > 406 UNION STREET VANCOUVER, BC
IMPROVEMENTS
LOCATION
Constructed in 1901, the subject property is improved with a 3 storey-plus-full-basement apartment building/rooming house of wood frame construction over a concrete foundation. Standing tall, the subject improvements are considerably taller than its neighbours allowing for ample lighting and some stunning views from the large double-glazed windows, large skylights, a sun room on the third floor, and an open balcony on the second floor. Reminiscent of an early 20th century C.P. Hotel, this property has some suites with tremendous high ceilings, large bay windows and half with a sink and vanity. They are all redone to reveal ample woodwork and refinished edge-cut-fir floors. The building offers about 4,500 square feet of area, not including the basement.
The subject property is strategically located and stands tall at the southeast corner of Union and Dunlevy Avenues in the Strathcona neighbourhood of Vancouver, British Columbia. Situated a mere two kilometers from Downtown Vancouver and two blocks to Chinatown’s retail, this is a vibrant and growing area, recently undergoing a significant transformation, including several market residential housing/mixed-use and commercial developments. The importance of this property’s location is further enhanced by downtown Vancouver’s inevitable eastern growth both in activity and in market value.
The subject property features fourteen (14) units, which includes one laundry room. The main floor has three large suites, one of which is fully self-contained with a kitchen and washroom, while the other two have private washrooms. The second floor features seven (7) rooming house units each with its own sink. There are also two shared toilets and one shared shower on this floor, as well as, one shared kitchen. The third floor offers a large four-bedroom suite with a kitchen, dining & living room, a toilet/sink, and a shower/ sink. The plumbing and electrical have reportedly been updated. The suites themselves are secured with all new metal doors, locks, and deadbolts. Heating is forced-air and two hot water tanks supply domestic service. The building is fully sprinklered and features an asphalt shingle roof.
SITE DESCRIPTION The site is rectangular in shape with a frontage of approximately 50 feet on Union Street by a frontage of 30.5 feet on Dunlevy Avenue for a total site area of approximately 1,525 square feet. Both Union Street and Dunlevy Avenue are paved, have curbs, sidewalks, and overhead street lighting. All main services are available including sewer, water, hydro electricity, natural gas, telephone and cablevision.
LEGAL DESCRIPTION PID: 011-151-811 Lot A of Lots 1 and 2 Block 103 District Lot 196 Plan 775.
PROPERTY TAX - 2014 $5,057.65
HART BUCK VICE PRESIDENT 604 662 2646
[email protected]
STEVE FAME* VICE PRESIDENT 604 661 0894
[email protected]
The quality improvements, the great location, coupled with the residential use all contribute to make this a safe and secure investment which will provide years of risk-free income.
ASKING PRICE
ZONING
Subject to Court Approval
The property is zoned RT-3 (2-Family Dwelling).
CONTACT US
$1,398,000
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. HL112014
FOR SALE BY COURT ORDER
406 HART BUCK
UNION STREET VANCOUVER, BC
VICE PRESIDENT 604 662 2646 [email protected]
STEVE FAME*
VICE PRESIDENT 604 661 0894 [email protected]
FOR SALE > 406 UNION STREET VANCOUVER, BC
IMPROVEMENTS
LOCATION
Constructed in 1901, the subject property is improved with a 3 storey-plus-full-basement apartment building/rooming house of wood frame construction over a concrete foundation. Standing tall, the subject improvements are considerably taller than its neighbours allowing for ample lighting and some stunning views from the large double-glazed windows, large skylights, a sun room on the third floor, and an open balcony on the second floor. Reminiscent of an early 20th century C.P. Hotel, this property has some suites with tremendous high ceilings, large bay windows and half with a sink and vanity. They are all redone to reveal ample woodwork and refinished edge-cut-fir floors. The building offers about 4,500 square feet of area, not including the basement.
The subject property is strategically located and stands tall at the southeast corner of Union and Dunlevy Avenues in the Strathcona neighbourhood of Vancouver, British Columbia. Situated a mere two kilometers from Downtown Vancouver and two blocks to Chinatown’s retail, this is a vibrant and growing area, recently undergoing a significant transformation, including several market residential housing/mixed-use and commercial developments. The importance of this property’s location is further enhanced by downtown Vancouver’s inevitable eastern growth both in activity and in market value.
The subject property features fourteen (14) units, which includes one laundry room. The main floor has three large suites, one of which is fully self-contained with a kitchen and washroom, while the other two have private washrooms. The second floor features seven (7) rooming house units each with its own sink. There are also two shared toilets and one shared shower on this floor, as well as, one shared kitchen. The third floor offers a large four-bedroom suite with a kitchen, dining & living room, a toilet/sink, and a shower/ sink. The plumbing and electrical have reportedly been updated. The suites themselves are secured with all new metal doors, locks, and deadbolts. Heating is forced-air and two hot water tanks supply domestic service. The building is fully sprinklered and features an asphalt shingle roof.
SITE DESCRIPTION The site is rectangular in shape with a frontage of approximately 50 feet on Union Street by a frontage of 30.5 feet on Dunlevy Avenue for a total site area of approximately 1,525 square feet. Both Union Street and Dunlevy Avenue are paved, have curbs, sidewalks, and overhead street lighting. All main services are available including sewer, water, hydro electricity, natural gas, telephone and cablevision.
LEGAL DESCRIPTION PID: 011-151-811 Lot A of Lots 1 and 2 Block 103 District Lot 196 Plan 775.
PROPERTY TAX - 2014 $5,057.65
HART BUCK VICE PRESIDENT 604 662 2646
[email protected]
STEVE FAME* VICE PRESIDENT 604 661 0894
[email protected]
The quality improvements, the great location, coupled with the residential use all contribute to make this a safe and secure investment which will provide years of risk-free income.
ASKING PRICE
ZONING
Subject to Court Approval
The property is zoned RT-3 (2-Family Dwelling).
CONTACT US
$1,398,000
COLLIERS INTERNATIONAL 200 Granville Street, 19th Floor Vancouver, BC V6C 2R6 604 681 4111 www.collierscanada.com
This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2014. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Brokerage Inc. (Vancouver). *Personal Real Estate Corporation. HL112014
