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2551 Kingsway 25 Unit Apartment Building $7,480,000 CAD ($299,200 CAD/Unit) 5.25% Cap Rate Vancouver, BC V5R 5H3
EXECUTIVE SUMMARY
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
PROPERTY FACTS
| Price | $7,480,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $299,200 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.25% | Building Size | 13,750 SF |
| No. Units | 25 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | C-2 - Commercial | ||
| Price | $7,480,000 CAD |
| Price Per Unit | $299,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 13,750 SF |
| No. Stories | 5 |
| Year Built | 2021 |
| Zoning | C-2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 550 - 570 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (79)
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2551 Kingsway
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