$2,595,000
The HIP-O Cool Strathcona 3 Storey & Bsmt 15 Unit Historic workforce/co-living Bldg near new St Paul Hospital, mins to D/T. 4500 SF Bldg + 1500 SF unfin Bsmt reno'd 2016-2019 w sprinklers, plumb, elec, flrs, kitchs, roof, baths. Grd Flr has 3 S/C Suites; 2nd & 3rd Flrs Each w 6 furnished single rooms w sink vanity & bed, Each Flr modern kitch, 2 baths, common area. Bsmt laund, bike storage, rental lockers & Utility. Gr Inc $17,916/mo, $214,992/yr; NOI $130,157/yr, Cap Rate 5.5%! Prof mngd good Tenants. Great hands off investment, perfect immigration/student housing, non-profit groups. New St. Paul’s campus good for medical community Users! Seller consider VTB 2nd mortgage to Qualified Buyer, Show w 2 Day Notice. Call LS viewing, info pkg. Show Wed May 27 @4:00pm & Fri May 29 @1:00pm Call
| Basement Finished Area (sqft) | 0 |
|---|---|
| Basement Features | Full, Partially Finished |
| Heating Type | Forced Air, Natural Gas |
| # of Kitchens | 5 |
| Foundation | Concrete Perimeter |
| Exterior Features | No Outdoor Area |
|---|---|
| Roof | Torch-On |
| Structures | Multi Family |
| Price | $2,359,000 |
|---|---|
| Total Bedrooms | 14 |
| Total Bathrooms | 7 |
| Full Bathrooms | 7 |
| Half Bathrooms | 0 |
| Floor Area Total (sqft) | 4575 |
| Year Built | 1910 |
| Age Of Building | 116 |
| Building Type | Other |
| Property Type | Residential Income |
| Stories | 3 |
| Ownership Type | Freehold NonStrata |
| Utility Type | Electricity Connected, Natural Gas Connected, Water Connected |
| Utility Sewer | Public Sewer, Sanitary Sewer, Storm Sewer |
| Water (WaterSource) | Public |
| Parking Type | None |
| Total Parking Spaces | 0 |
| Lot Size | 1525 |
|---|---|
| Lot Size Depth | Feet |
| Lot Size Frontage | 50 |
| MLS® # | R3082701 |
| Area | Vancouver East |
| Neighbourhood | Strathcona |
| City | Vancouver |
| Postal Code | V6A 2B6 |
| Gross Taxes | $8,399.01 |
| Zoning | RT-3 |
| Floor | Type | Dimensions |
|---|---|---|
| Main Level | Living Room | 10' x 10' ft |
| Main Level | Kitchen | 6' x 6' ft |
| Main Level | Bedroom | 13' x 13' ft |
| Main Level | Living Room | 12' x 12' ft |
| Main Level | Kitchen | 8' x 8' ft |
| Main Level | Bedroom | 10' x 10' ft |
| Main Level | Loft | 10' x 10' ft |
| Main Level | Living Room | 13'6 x 13'6 ft |
| Main Level | Kitchen | 7' x 7' ft |
| Above Level | Kitchen | 14'6 x 14'6 ft |
| Above Level | Bedroom | 10'6 x 10'6 ft |
| Above Level | Bedroom | 8' x 8' ft |
| Above Level | Bedroom | 10' x 10' ft |
| Above Level | Den | 8' x 8' ft |
| Above Level | Bedroom | 10'6 x 10'6 ft |
| Above Level | Bedroom | 7' x 7' ft |
| Above Level | Bedroom | 7' x 7' ft |
| Abv Main 2 | Kitchen | 14'6 x 14'6 ft |
| Abv Main 2 | Study | 10' x 10' ft |
| Abv Main 2 | Bedroom | 17' x 17' ft |
| Abv Main 2 | Bedroom | 11' x 11' ft |
| Abv Main 2 | Bedroom | 8' x 8' ft |
| Abv Main 2 | Bedroom | 16' x 16' ft |
| Abv Main 2 | Bedroom | 7' x 7' ft |
| Abv Main 2 | Bedroom | 11' x 11' ft |
| Below | Laundry | 12' x 12' ft |
| Below | Storage | 43' x 43' ft |
| Floor | Ensuite | Pieces |
|---|---|---|
| Main Level | No | #4 |
| Main Level | No | #4 |
| Main Level | No | #3 |
| Above Level | No | #3 |
| Above Level | No | #3 |
Listed by: RE/MAX Real Estate Services
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.
Public Schools
Information includes BC Government Open License data; school details change often and are offered solely as general guidance.
Private Schools
Closest Transit
Crime Rate
Demographics
Noise/ Power Lines
Other
406 Union Street has a sell-speed score of 56/100, placing it in the "Expected to sell at a moderate pace" band. The listing is has limited comparable pricing data available. Based on these signals, EstateBlock predicts this listing is may take several weeks to attract serious offers.
Natural hazards vary by location and can change over time. The following provides a summary of potential impacts to this area, postal code V6A 2B6, over the next 30 years. Projections use the 2041–2070 period (2050s) under a moderate emissions scenario (SSP2-4.5).
Outside of designated flood hazard zones. Under 10% of buildings in this area have flood risk over the next 30 years.
Located within the "Vancouver" WUI zone (Risk Class 5 — Low). Based on BC Wildfire Service provincial WUI Risk Class mapping; not a site-specific assessment.
Annual avg PM2.5 5.1 µg/m³ — meets Canada's CAAQS (BC ENV 2024). Nearest station: Vancouver Clark Drive, Vancouver (~2.3 km). Annual avg AQHI 2.2 — Low Risk.
Vancouver currently sees ~1 days above 30 °C per year (1981–2010 baseline), projected to rise to ~6 by the 2050s (SSP2-4.5 moderate emissions). Hottest day of the year: ~29.7 °C baseline, ~32 °C projected. Tropical nights (>18 °C): ~0 baseline, ~4 projected.
Annual precipitation ~1515 mm (1981–2010 baseline), projected ~1575 mm by the 2050s. Extreme 1-day rainfall: ~50.5 mm baseline, ~57 mm projected. Values vary modestly across the Lower Mainland.
Longest annual dry spell (consecutive dry days): ~22 days baseline, ~24 days projected for the 2050s. CDD is used as a regional drought proxy; drought risk varies modestly across the Lower Mainland.
| School | Type | Grades Served | Catchment Info | Rating | Distance |
|---|---|---|---|---|---|
Calculate your commute
406 Union St, Vancouver, BC is ideally located for commuters. The property is 0.6 km from Main Street, with a 16 min SkyTrain ride to Downtown Vancouver (Waterfront Station). The closest bus stop is Eastbound Prior St @ Dunlevy Ave (0.1 km). Walk Score Transit rating: Rider's Paradise (94/100).
| Year | Land | Improvements | Total Assessed | YOY Change |
|---|---|---|---|---|
| 2026 | $1,886,021 | $137,000 | $2,023,021 |
+4.0%
|
| 2025 | $1,816,282 | $129,000 | $1,945,282 |
+9.3%
|
| 2024 | $1,648,000 | $131,000 | $1,779,000 |
-0.2%
|
| 2023 | $1,657,000 | $126,000 | $1,783,000 |
+0.0%
|
| 2022 | $1,665,000 | $118,000 | $1,783,000 | — |
No active comparable properties are currently available for this property type in Vancouver. The price evaluation chart will update as similar listings enter the market. This property is flagged as a Hot Deal (9.1% price reduction) based on its competitive pricing and market demand.
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