819-829 Prior Street, Vancouver

819-829 Prior Street | Vancouver, BC

Sold by NAI Commercial

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SOLD $3,175,000

The Opportunity

The subject property is located in the very trendy Strathcona area. Transit to everything is just minutes away. The suite mix of all 2-bedroom units will ensure the building is always fully rented. Rents are very low and can be substantially increased with some upgrades to the building. Strathcona Park is directly across the road and Vancouver’s newest hospital is to be built nearby ensuring strong demand for years to come. A large 9,250 SF lot increases the holding potential but the building will need some upgrades.

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The Suite Mix

	# of Units	Average Size
2-Bedroom	12	Approx. 500 SF

The Key Details

Sold Date	December 29, 2021
Sold Price	$3,175,000
Assessed Value (2021)	$3,408,700
Lot Size	9,525 SF (75’ x 127’)
Year Built	1901
Property Taxes (2021)	$11,054
Zoning	RT-3
Comments	Natural gas individual heaters, tenants pay water, individual hot water tanks.
Heritage Designation	Heritage B

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No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.