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6,100 ft²
Multifamily
$6,998,000
Sale


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THE FEATURES • Coveted Railtown location minutes from Chinatown, Gastown and the downtown core • Well-maintained asset featuring a charming brick façade, attractive interior with spacious hallways, unique tile accents, skylights, and character details throughout • 52 micro-units* over three stories surrounding a charming interior courtyard • Common washrooms including nine toilets, three showers, and two bathtubs for shared tenant use; two units contain private washrooms • All units include a personal sink; several units feature a refrigerator, stove, and in-suite storage • Units finished with a mix of laminate and linoleum flooring; several have been recently renovated • Secure building equipped with camera monitoring system and recently updated roof • Multiple options to add value and increase future rental revenue *Approved occupancy with the City of Vancouver is a multiple dwelling containing 1 dwelling unit, 9 sleeping units and 36 housekeeping units. Subject to the City of Vancouver’s Single Room Accommodation (SRA) bylaw


The Space
Asking Price$6,998,000
Available Space6,100 ft²
NegotiableYes
Property UseInvestment property

The Building - Laurel Apartments

Railtown is a creative enclave which is quickly emerging as one of Vancouver’s leading design districts. With several of the city’s most renowned homegrown businesses such as Aritzia and Herschel Supply Co. based in the area, Railtown has become a thriving home to a number of Vancouver’s creative entrepreneurs. The district has also seen the concentration of some of Vancouver’s top dining destinations, including Ask For Luigi, Vancouver Urban Winery, Belgard Kitchen, as well as Railtown Café and JJ Bean. Additionally, the area houses several established trade-focused interior design firms including Inform, Tritex Fabrics and Jan Kath, among others. With character light industrial buildings and several commercial developments slated for the immediate future, Railtown is a strategic location just east of Gastown and minutes to the Downtown Core.

Property TypeMultifamily
Floors4
Building Size23,000 ft²
Lot Size6,100 ft²
ZoningDEOD
Year Built1912
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