786 Powell Street, Vancouver, BC

Iconic Properties Group introduces a lucrative investment opportunity—a renovated standalone building in Strathcona, fully leased to professionals. Upgraded extensively in 2020, it features modern amenities, seismic resilience, and M-2 zoning with 5.0 FSR redevelopment potential. Recent improvements include a state-of-the-art electrical system with energy-efficient LED lighting, advanced HVAC infrastructure, and a modern sprinkler system. Conveniently located for easy access to Vancouver's core and Highway 1, this property offers strategic positioning. Notably, it includes built-in rental escalations, ensuring the potential for increasing returns. With a 4.5% cap rate, with an increase to 4.7% in year three, secure a hassle-free, income-producing asset in a thriving area. Don't miss this chance to invest in a meticulously upgraded property, strategically poised for future growth and financial stability.