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:58554)
Property Details
| MLS® Number | C8066094 |
| Property Type | Multi-family |
| Neigbourhood | Grandview-Woodland |
| Features | Lane |
| RoadType | Paved Road |
Building
| ConstructedDate | 1910 |
| SizeInterior | 4200 Sqft |
Land
| Acreage | No |
| Sewer | Storm Sewer |
| SizeIrregular | 6036 |
| SizeTotal | 6036 Sqft |
| SizeTotalText | 6036 Sqft |
| ZoningDescription | Rm-3a |
Utilities
| Electricity | Available |
| Water | At Lot Line |
https://www.realtor.ca/real-estate/27847946/2026-franklin-street-vancouver
Interested?
Contact us for more information
Muhammad Wahla
Personal Real Estate Corporation - JR Group
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
Jasdip Wahla
Personal Real Estate Corporation - JR Group
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
Robin Randhawa
Personal Real Estate Corporation - JR Group
200 - 12992 76 Avenue
Surrey, British Columbia V3W 2V6
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January 29 2025 03:58:58
Real Estate Board Of Greater Vancouver
Srs Panorama Realty
