406 Union Street — Vancouver East


$ 2,359,000 FOR SALE MLS# R3082701
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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. 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 Fri Aug 21 @ 10:00am by Appt Call. Bring Offer!
MLS® ReciprocityThis representation is based on data supplied under MLS® Reciprocity.
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Property Details

Bedrooms14
Bathrooms7
Living Area4,575 sqft
Lot Area1,525 sqft
Property TypeResidential Income – Other
MLS® R3082701
StatusActive
Listing BrokerRE/MAX Real Estate Services

Property History

DateMLS #PriceEvent
Mmm 00, 0000 R0000000 $0,000,000 Listed
1 event on record for this property

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Market Overview

Strathcona · Vancouver East · All Homes

Active PropertiesAll ActiveThis Property
All Homes44
Median Asking Price $ 699,450 $ 2,359,000
Median Price per SqFt $944 $516
Median Days on Market 54
Sold Properties Aug 2026Jul 2026Aug 2025
All Homes 0 ▼100.0% 0 10
Median Selling Price ▼100.0% $ 1,054,000
Median Price per SqFt ▼100.0% $919
Median Days on Market 13
Median Discount Off Ask 2.0%
New Listings 8120
Months of Inventory 13.2

At the current sales pace, it would take about 13 months to sell all the homes currently for sale here — a Buyer's market.

SELLER'S
BALANCED
BUYER'S

More homes are for sale than there are buyers, so buyers tend to have more choice and more room to negotiate on price.

What's this?

Months of inventory = the number of homes currently for sale ÷ the average number sold per month recently. As a rule of thumb, under 5 months favours sellers, 5–8 is balanced, and over 8 favours buyers.

Strathcona: Number of Sales

Strathcona: Median Sold Price

Strathcona: Median Sold Price per SqFt

Aggregate market statistics from the MLS® for Strathcona. Figures are medians and may reflect small sample sizes in a single neighbourhood. Not an appraisal — ask a team member to verify.