$6,980,000

2551 Kingsway, Vancouver, BC V5R 5H3

MLS® C8077620

Description

Exceptional freestanding mixed-use income property built in 2021 in a prime Kingsway location. This newer asset offers 12 one-bedroom residential suites, 2 retail units, and 5 parking stalls, delivering strong in-place holding income, efficient day-to-day management, and excellent long-term upside. Featuring 12 independent gas meters for streamlined utility recovery, the property is designed for operational efficiency. Outstanding visibility, strong tenant appeal, and convenient access to transit, shopping, and major commuter routes further enhance its investment strength. Why settle for a 4.3% U.S. 10-year Treasury yield when this scarce freestanding mixed-use asset offers growing NOI, rental upside, inflation protection, and leveraged long-term wealth creation? Enjoy peace of mind with the balance of 2-5-10 home warranty coverage. Share sale preferred; asset sale may be considered.

Property

Property type

Commercial Sale

Style

Multi Family

Structure

Freestanding, Mixed Use

Year built

2,021

Ownership

Freehold

Levels

5

Lot and parking

Lot size

39,204 sq ft

Parking spaces

5

Costs

Annual property tax

$31,143

Tax year

2,025

Location

Area

Vancouver East

Neighbourhood

Collingwood VE

Waterfront

No