The Largest Number of Homes for Sale
Multi-family for sale
2551 Kingsway, Collingwood VE, Vancouver
$8,480,000
$8,480,000
Multi-family for sale
2551 Kingsway, Collingwood VE, Vancouver
Features
Year Built
2021
Floor Area
10,000 sqft
Lot Size
4,008 sqft
Gross Property Tax
$31,142.70 /year
Building Type
Freestanding, Mixed Use, Residential Mix
# of Elevators
1
Zoning
C-2 COMMERCIAL
# of Parking Spaces
5
Subject Property Width
32.38 ft
Subject Property Depth
123.78 ft
Amenities
Elevator Passenger, Secured Parking
Suite Mix Information
12 x 1 ½, 2 x Other
Total no. of Units
14
Financial Summary
$508,560
Description
2551 Kingsway in Vancouver, BC is a standout investment opportunity and a modern residential gem. This mid-rise, boutique concrete building was completed in 2021 and features 12 X one-bedroom suites + 2 Commercial Units, each residential suite are equipped with in-suite laundry, air conditioning, and stylish kitchens with stainless steel appliances. The Annual Gross Income is approx. $508,560 and the Stabilized Net Operating Income is approx. $423,560 @4.99% Cap Rate, making it an attractive option for investors seeking stable returns. Residents enjoy controlled access, 24-hour availability, and proximity to public transit, shopping, and local amenities. With a Walk Score of 90 and Transit Score of 84, the location is ideal for urban living. The building also includes bike storage, five parking spaces, and accessibility features.
MLS® Number C8071968