Commercial Land for sale

2117-2121 Kingsway Avenue, Victoria VE, Vancouver

$8,500,000 or
$8,500,000 or

Commercial Land for sale

2117-2121 Kingsway Avenue, Victoria VE, Vancouver

Features

Lifestyle
224959045 8500000 /en/commercial-land~for-sale~victoria-ve-vancouver/224959045?view=Summary /en/commercial-land~for-sale~victoria-ve-vancouver/224959045/photos 49.2443900000 -123.0631200000 true
Year Built
1938
Lot Size
11,973 sqft
Gross Property Tax
$46,032 /year
Building Type
Freestanding, Mixed Use, Commercial Mix
Zoning
C2
Subject Property Width
99.03 ft
Subject Property Depth
120.9 ft
Permitted Land Use
Mixed Use
Water Supply
Municipal
Sewer/Septic
Municipal/Community

Description

An exceptional opportunity awaits to acquire a freestanding two-story commercial property situated on nearly 12,000 square feet of land(PIDs), boasting prime exposure on Kingsway Ave in the desirable Kensington-Cedar Cottage neighborhood. Located a mere 700m from the Nanaimo Station & just a block away from Victoria Dr, this property offers premium retail visibility and excellent transit accessibility. The neighborhood is currently undergoing extensive redevelopment, promising a surge in population, new retailers, shops, and essential civic amenities. The C2 zoning allows for up to 2.5 FSR (4-story market development or up to 3.5 FSR(6-story) secured rental project. Furthermore, neighboring properties may also be available for sale. 2nd floor of the building has been vacated due to a prior fire incident, & the building's size will need to be remeasured. Importantly, there are no tenant relocation costs or hassles associated with development, as there are no existing residential tenancies in the building.
MLS® Number C8053976

Listing REALTORS®

Raman Bayanzadeh, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Raman Bayanzadeh

REALTOR®, Personal Real Estate Corporation

Royal LePage Sussex

Royal LePage Sussex,
Pouria Nikravan, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Pouria Nikravan

REALTOR®, Personal Real Estate Corporation

Royal LePage Sussex

Nancy Chen, REALTOR<sup>®</sup>

Nancy Chen

REALTOR®

Royal LePage Sussex

Royal LePage Sussex,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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