10,000 ft2
$7,980,000
2551 Kingsway in Vancouver, BC is a standout investment opportunity and a modern residential gem. This mid-rise, boutique concrete building was completed in 2021 and features 12 X one-bedroom suites + 2 Commercial Units, each residential suite are equipped with in-suite laundry, air conditioning, and stylish kitchens with stainless steel appliances. The Annual Gross Income is approx. $508,560 and the Stabilized Net Operating Income is approx. $423,560 @ 5.3% Cap Rate, making it an attractive option for investors seeking stable returns! Residents enjoy controlled access, 24-hour availability, and proximity to public transit, shopping, and local amenities. With a Walk Score of 90 and Transit Score of 84, the location is ideal for urban living. The building also includes bike storage, five parking spaces, and accessibility features. (id:60626)
Property Details
|
MLS® Number
|
C8071968 |
|
Property Type
|
Multi-family |
|
Neigbourhood
|
Mount Pleasant |
|
Features
|
Lane, Passenger Elevator |
Building
|
Constructed Date
|
2021 |
|
Size Interior
|
10,000 Ft2 |
Land
|
Acreage
|
No |
|
Size Irregular
|
4008 |
|
Size Total
|
4008 Sqft |
|
Size Total Text
|
4008 Sqft |
|
Zoning Description
|
C-2 Commercial |
Utilities
