342 Water Street

Vancouver

SOLD $4,175,000

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Price$4,200,000

Property typeOffice / Retail

Gross leasable area20,220 sq. ft.

Year builtEarly 1900's renovated in 1978, 1989 & 1995

Lot size4,444 square feet

ZoningHA-2 Heritage Designation (Class B)

Cap rate7%

Price/SF160

Legal descriptionLots 4 and 5, Blk 10, D Lot 541, Pln 210

Sale price$4,175,000

Sale date01/01/2005

Overview

The subject property is a five storey fully occupied downtown office building with a small retail component located in a prime Gastown location. Built in 1900 and recently renovated, this building was successfully restored to highlight its historic characteristics and now remains a showpiece in the Gastown district.

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Financing	Clear Title.
Assessment 2004	Land Building Total	Land$1,364,000 Building$936,000 Total$2,300,000
Income and expenses	Net operating income	Net Operating Income$294,357
Notes	For a detailed information package including improvements and renovations, click here.

The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.