2551 Kingsway - Apartments FOR SALE


Vancouver, BC V5R 5H3
$7,480,000 CAD
604-263-2823
2551 Kingsway, Vancouver, BC for Sale
$7,480,000 CAD
Apartments - FOR SALE
1/1
null | 5.25% Cap Rate

2551 Kingsway
Vancouver, BC V5R 5H3


OVERVIEW

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. $477,096 and the Stabilized Net Operating Income is approx. $392,627 @ 5.25% 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

FOR SALE DETAILS

PRICE

$7,480,000 CAD

PRICE/SF

$544 CAD /SF

# OF UNITS

25

PRICE/UNIT

$299,200

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,932 SF

ZONING

C-2

APN/PARCEL ID

004232801

ASK ABOUT THIS PROPERTY

Fred ChoyRE/MAX Real Estate ServicesMore Info
604-263-2823

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Fred ChoyRE/MAX Real Estate ServicesMore Info
604-263-2823

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.