For Sale: 477 Powell Street, Vancouver, BC - REW
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$2,299,000
0 bd • ba • 5600 sf • Multifamily
477 Powell Street
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$2,299,000
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477 Powell StreetVancouver, BC, V6A 1G7

Strathcona
  • 0 Bed
  • Bath
  • 5600 Sqft
  • Multifamily

About this home

INVESTOR ALERT 7.58% Gross Cap, 11.0 FSR Potential & Massive Railtown Upside! Turn-key investment on the edge of vibrant Railtown. This fully tenanted mixed-use building offers 5 revenue streams: three 2-bedroom residential suites with park views/balconies, a high-visibility retail unit, and a garage/warehouse space. Separately metered for electricity, it delivers a rare 7.58% gross cap rate at the listing price. DEVELOPMENT UPSIDE: High-exposure corner lot in the DEOD with massive zoning upgrades. Capitalize on an FSR up to 11.0 for secured rental projects, heights up to 32 storeys, and slashed social housing requirements. Under Bill 18, compliant projects bypass public hearings to fast-track timelines. Minutes to the new $2.2B+ St. Paul's Hospital campus. Secure strong immediate cash flow with legendary future upside! (id:63626)
Listed by: Ting Wang PREC*, 1NE Collective Realty Inc.

Home facts and features

Price details
List Price
$2,299,000
Get Pre-Approved
Gross Taxes for 2025
$16,537
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
3050 ft²
Depth
Year Built
Built in 1991 (35 yrs old)
Features
Balconies
Community
Agent details
Primary Agent
Primary Broker
1NE Collective Realty Inc.
Listing details
Days on REW
161 Days
Property Views
1026
MLS® Number
C8076073
Source
Canadian Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Lord Strathcona Community Elementary School
  • Public
  • K - 7
  • In Catchment
Sino Bright School BC
  • Independent
  • 8 - 12
Alexander Academy
  • Independent
  • 8 - 12
The Westside School
  • Independent
  • K - 9
Columbia Academy
  • Independent
  • 10 - 12
Lowell High School
  • Independent
  • 10 - 12
St Francis Xavier School
  • Independent
  • K - 7
Madrona Senior School
  • Independent
  • 8 - 10
Claren Academy
  • Private
  • K - 3
St Francis of Assisi School
  • Independent
  • K - 7
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Ting Wang PREC*
Phone:
604-367-5754
Office:
604-999-8882
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