RE/MAX Select Realty

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538 Union Street
Strathcona Vancouver V6A 2B8

$1,650,000
Multi-Family Commercial

Main Photo: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 1: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 2: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 3: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 4: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 5: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 6: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 7: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 8: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 9: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 10: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 11: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 12: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 13: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 14: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 15: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 16: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 17: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 18: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 19: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 20: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 21: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 22: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 23: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 24: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 25: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 26: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 27: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 28: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 29: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 30: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 31: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 32: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 33: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 34: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 35: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 36: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 37: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 38: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 39: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Photo 40: 538 Union Street in Vancouver: Strathcona Multi-Family Commercial for sale (Vancouver East)  : MLS®# C8068906
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8068906
Build. Type:
Mixed Use
Solid circa 1908 Heritage B five-suite residence in the heart of Strathcona's neighbourhood. $109,620 annual income, this property's location is just minutes away from the upcoming St. Paul's Hospital, with excellent transit access and downtown proximity. A dedicated bike lane runs in front of the property. 1x3 bdrm, 1x2 bdrm, 2x1 bdrms, 1xloft, each unit includes a private patio area. The home features electric baseboards for heating, shared laundry facilities, recently refurbished back stairs and repurposed single-car garage turned storage lockers . Open parking, and shared outdoor space enhance its appeal. Renovation 1985 and early 2000's. Great opportunity. Next showings Thursday and Saturday, contact listing realtor.
Sale Type:
Asset
Property Type:
Multi-Family Commercial
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
5
Building Type:
Mixed Use
# Units Total:
5
# Other Units:
5
# of Apartments:
5
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
1
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
3
# of 2 Bedroom Apartments:
1
# of 3 Bedroom Apartments:
0
Year built:
1908 (Age: 117)
Living Area:
2,682 sq. ft.
Subject Property Depth:
126'
Subject Property Width:
25'
Title to Land:
Freehold
Lot Area:
3,150 sq. ft.
Zoning:
RT-3
Heating:
Baseboard, Electric, Hot Water
Cooling:
Electric
Electricity:
Yes
Services Connected:
Electricity at Lot Line, Electricity Connected, Sidewalk, City Water at Lot Line
Sewer:
Public Sewer, Storm Sewer
Parcel Number:
009429646
Taxes:
$7,940.08 / 2024
Laundry Facility
No
3.255% ON THE FIRST $100,000 AND 1.1625% ON THE BALANCE
Water Supply:
Public, City Water at Lot Line
Water Rights:
No
Roof:
Asphalt
Env Assmt Phase:
No
Cap Rate %:
5.57
Gross Income:
109620.0
Oper. Expenses:
9783.0
Other Income:
$0
Effective Gross Income:
$0
Net Operating Income:
$99,837
Original Price:
$1,650,000
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    Interior space with a baseboard radiator and ornamental molding
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Listed by RE/MAX Select Realty
Data was last updated May 8, 2025 at 08:35 PM (UTC)