221 E GEORGIA STREET

Vancouver, British Columbia · Neighbourhood: Strathcona
C$2,598,000

Local Decision Guide

How should buyers evaluate 221 E GEORGIA STREET?

Start by reading this listing in its Vancouver Strathcona context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

Vancouver listings should separate R1-1, RS, RT, laneway house and multiplex rules during review. R1-1 is an important low-density housing reform signal, but heritage, trees, underground servicing, parking, corner-lot conditions and existing building condition can all change the practical outcome.

Vancouver R1-1 / RS / RT / laneway quick checklist
  • Confirm whether zoning is R1-1, RS, RT or another district.
  • Review laneway house, multiplex, heritage, tree, parking and servicing rules separately.
  • Do not rely on lot size alone; corner-lot conditions, underground servicing and existing building condition can affect the plan.
What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
221 E GEORGIA STREET

Remarks

Prime mixed-use investment in the heart of historic Chinatown/Strathcona. This 3-storey character building (1912) features a large street-front retail unit and 16 Single Room Accommodation (SRA) rooms above, including 6 with private washrooms. Solid structure with recent roof work completed (2020) and rear steel staircase (replaced in 2022). Approx. $171,000 gross and $140,000 net income when fully leased/rented (5.41% cap rate). Exceptional location steps to transit, downtown, and the new St. Paul's Hospital. Reliable income property with value-add and redevelopment potential. (id:56153)

Property Details

Multi-family
Building Type
-
Bedrooms
-
Bathrooms
1912
Year Built
114 years
Age
92
Days on Site
1,353 sqft
Interior Size
C$1,920
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29112409 (C8073870)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$2,598,000

Days on Site: 92 days

Added to BurnabyHouse: 2026-03-06

Updated on: 2026-06-04 06:01 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

Lord Strathcona Community Elementary ELEMENTARY
Public · School District 39
592 Pender St E, Vancouver, BC
Straight-line distance about 486.5 m
Nearby Private Schools
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Includes school names, grades, distance, and available Fraser ranking context.

Nearby Points of Interest

Grocery / Food Access
Tin Lee Market
About 94.1 m away
260 East Georgia Street, Vancouver
Vegan Supply
About 176.1 m away
250 East Pender Street, Vancouver
Shopping Centres
Sun Wah Centre
About 85.5 m away
268 Keefer Street, Vancouver
Chinatown Plaza
About 177 m away
Vancouver
Parks / Green Space
Doctor Sun Yat-Sen Park
About 322.1 m away
578 Carrall Street, Vancouver
Doctor Sun Yat-Sen Classical Chinese Garden
About 381.4 m away
578 Carrall Street
Rapid Transit Stations
Main St Stn
About 633.2 m away

Sold Area Stats

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Includes sold count, median sold price, and median days on market.

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Last Updated: Thu, 04 Jun 2026 05:03:07 PM PDT

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