2551 Kingsway - Apartments FOR SALE


Vancouver, BC V5R 5H3
$7,698,000 CAD
604-374-5860

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$7,698,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

2551 Kingsway
Vancouver, BC V5R 5H3


HIGHLIGHTS

  • Contemporary mixed-use asset with 12 residential units and 2 commercial spaces completed in 2021.
  • Highly visible Kingsway frontage with immediate proximity to major retail and transit routes.
  • Independent gas metering across residential units for seamless utility cost recovery.
  • Five secured parking stalls complement accessible, bike-friendly infrastructure.
  • Walking distance to essential services, shopping, and entertainment in the Collingwood neighborhood.
  • Strong holding income with significant rental upside and long-term appreciation potential.

OVERVIEW

2551 Kingsway presents a rare opportunity to acquire a freestanding, mixed-use building in one of Vancouver’s highest-visibility corridors. Constructed in 2021, this contemporary asset offers 12 one-bedroom residential suites and two ground-floor retail units, supported by five on-site parking stalls. With 12 independent gas meters ensuring streamlined utility management, the property is designed for operational efficiency and minimal overhead. Located along Kingsway—a major east-west arterial—this property benefits from both strong tenant appeal and proximity to essential amenities. Rapid transit access, nearby shopping, and convenient connectivity to Downtown Vancouver, Burnaby, and key commuter routes enhance daily livability and business viability. In-place income, diversified tenancy, and modern urban design make this a compelling investment for those seeking stable returns with upside potential. Investors can capitalize on growing NOI and inherent rental growth while enjoying the security of the remaining 2-5-10 home warranty program. Offered with a preference for share sale structure, the property is suitable for long-term wealth creation strategies, income certainty, and asset appreciation in a limited-supply market like Vancouver.

FOR SALE DETAILS

PRICE

$7,698,000 CAD

PRICE/SF

$770 CAD /SF

# OF UNITS

12

PRICE/UNIT

$641,500

CAP RATE

Request Cap Rate

% 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

-

LAND SF

-

ZONING

-

APN/PARCEL ID

004232801

ASK ABOUT THIS PROPERTY

Maureen YeungRE/MAXMore Info
604-374-5860

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Maureen YeungRE/MAXMore Info
604-374-5860

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