2026 Franklin Street Vancouver, British Columbia V5L 1R3
$2,595,000
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:51704)
Property Details
| MLS® Number | C8066094 |
| Property Type | Multi-family |
| Features | Lane |
| Road Type | Paved Road |
Building
| Constructed Date | 1910 |
| Size Interior | 4200 Sqft |
Land
| Acreage | No |
| Sewer | Storm Sewer |
| Size Irregular | 6036 |
| Size Total | 6036 Sqft |
| Size Total Text | 6036 Sqft |
| Zoning Description | Rm-3a |
Utilities
| Electricity | Available |
| Water | At Lot Line |
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https://www.realtor.ca/real-estate/27847946/2026-franklin-street-vancouver
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
(604) 595-8888
(604) 595-8880
www.srsrealestate.com/
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
(604) 595-8888
(604) 595-8880
www.srsrealestate.com/
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
(604) 595-8888
(604) 595-8880
www.srsrealestate.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 29 2025 03:58:58
Real Estate Board Of Greater Vancouver
Srs Panorama Realty