Commercial storefront featuring a recessed entrance, illuminated brand signage, neutral tile flooring, built-in service counters, and integrated display cabinetry

$938,888

1211 - 4500 Kingsway, Burnaby, BC V5H 2A9

MLS® C8083348 · New

Description

Rare opportunity to acquire a high-visibility retail unit inside Burnaby’s iconic Crystal Mall (1211-4500 Kingsway). Spanning 354 sq. ft., this prime commercial space is fully leased to AAA tenant Rogers Communications, delivering secure, hassle-free passive income from day one. Investment Highlights: Asking Price: $938,000 (~$2,650/sq. ft.) Current NOI: $48,000/year (5.12% Cap Rate) Built-in Income Growth: May 2026 – Apr 2027: $4,000/mo ($48,000/yr) May 2027 – Apr 2028: $4,100/mo ($49,200/yr) May 2028 – Apr 2029: $4,200/mo ($50,400/yr) Location & Foot Traffic: Situated in the heart of Metrotown with unmatched heavy pedestrian flow, directly accessible to transit, restaurants, and retail hubs. An ideal turn-key investment with scheduled rent escalations and a reliable corporate tenant in place. Contact us today for details!

Property

Property type

Commercial Sale

Style

Retail

Structure

Mixed Use, Shopping Centre

Year built

1,998

Ownership

Freehold

Costs

Annual property tax

$8,672

Tax year

2,026

Location

Area

Burnaby South

Neighbourhood

Metrotown

Waterfront

No