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2551 Kingsway 12 Unit Apartment Building $7,698,000 CAD ($641,500 CAD/Unit) Vancouver, BC V5R 5H3
Investment Highlights
- Contemporary mixed-use asset with 12 residential units and 2 commercial spaces completed in 2021.
- Independent gas metering across residential units for seamless utility cost recovery.
- Walking distance to essential services, shopping, and entertainment in the Collingwood neighborhood.
- Highly visible Kingsway frontage with immediate proximity to major retail and transit routes.
- Five secured parking stalls complement accessible, bike-friendly infrastructure.
- Strong holding income with significant rental upside and long-term appreciation potential.
Executive Summary
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.
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.
Property Facts
| Price | $7,698,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $641,500 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 12 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment |
| Price | $7,698,000 CAD |
| Price Per Unit | $641,500 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Building Size | 10,000 SF |
| No. Stories | 5 |
| Year Built | 2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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2551 Kingsway
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