2026 FRANKLIN STREET, Vancouver, British Columbia, V5L 1R3

$2,595,000

MLS® # C8066094

Investment For Sale In Vancouver, British Columbia

$2,595,000

Property Information:

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:27)

Property Features:

  • Property Type: Multi-family
  • Built in: 1910
  • Features: Lane
  • Lot Size: 6036.00 Square Feet
  • Road Type: Paved road
  • Utility Type: Hydro - Available, Water - At Lot Line
  • Zoning: RM-3A
  • Sewer: Storm sewer

Courtesy of: SRS Panorama Realty

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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