Multi-family for sale
3203 Kingsway Ave, Port Alberni
                                            
                                            
                                            $500,000
                                            
                                            
                                             
                                        
                                    Features
Floor Area
        
            
                6,475 sqft
            
        
    Lot Size
        
            
                6,475 sqft
            
        
    Gross Property Tax
        
            
                $13,206.47 /year
            
        
    Zoning
        
            
                CMX2
            
        
    
            Amenities
        
        Visual Exposure
    Additional Features
        Corner
    Total no. of Units
        15
    Description
                                                Kingsway Hotel & Pub is an iconic landmark located in the Harbour Quay District and steps from the Port Alberni working waterfront.  Enjoyed by both residents and tourists this area includes Fisherman's Wharf, Tyee Landing, several specialty shops, eateries and is home to the Sunday Farmer's Market and the annual Salmon Festival.  Extensive upgrades have been completed since 2017 and current revenue is from apartment rentals and storage.  Pub and restaurant currently closed but could be re-opened with minimal cost.  Liquor License is available.  Potential to increase value by adding 3 units in attic, subject to permit, operate pub, off sales and restaurant on ground floor or convert to four live/work units, subject to permit.  Allowable uses of C7 zoning are extensive.
                                            
                                        MLS® Number 1017319