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2139-2147 Kingsway 14 Unit Apartment Building $7,998,000 CAD ($571,286 CAD/Unit) Vancouver, BC V5N 5A1
INVESTMENT HIGHLIGHTS
- Stable cash flow
- Repositioning potential
- 100% interest in a stratified building
EXECUTIVE SUMMARY
Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property is a 6-storey mixed-use development that will deliver 101 Secured Market Rental units
PROPERTY FACTS
| Price | $7,998,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $571,286 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 14 | Building Size | 17,127 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1983 |
| Zoning | C-2 - Commercial | ||
| Price | $7,998,000 CAD |
| Price Per Unit | $571,286 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 17,127 SF |
| No. Stories | 3 |
| Year Built | 1983 |
| Zoning | C-2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (88)
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2139-2147 Kingsway
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