Multi-family for sale
3155 Kingsway, Collingwood VE, Vancouver
$3,880,000
$3,880,000
Multi-family for sale
3155 Kingsway, Collingwood VE, Vancouver
Features
Year Built
2011
Floor Area
4,932 sqft
Lot Size
3,531 sqft
Gross Property Tax
$25,503.63 /year
Building Type
Low Rise (2-4 storeys), Mixed Use, Street-Level Storefront
Zoning
C-2
# of Parking Spaces
6
Subject Property Width
33 ft
Subject Property Depth
108 ft
Amenities
Alarm System, Balconies, Emergency Lighting, Secured Building, Secured Parking
Suite Mix Information
4 x 2 ½
Description
Looking to buy a commercial property in the City of Vancouver at a great value? 3155 Kingsway is a 3-storey building built in 2011 with four two-bedroom residential units above two retail units, all strata titled. The property is offered at the equivalent individual strata values of $902/sf (retail) and $730/sf (residential) both well below market average for East Vancouver. It is also listed below assessment value ($3,983,000) This is a great opportunity for an operating business to occupy the ground floor (1,620 SF) and receive care-free, solid income from the residential units above with low maintenance/management. The property is currently fully leased. All tenants are on a month-to-month basis and generating a combined 3.80% cap rate; with significant upside on rents to increase the yield.
MLS® Number C8063321