3155 Kingsway, Collingwood VE, Vancouver

$3,688,000 |   MLS® Number  C8063321

Multi-family for sale in Collingwood VE, Vancouver, Vancouver East, 3155 Kingsway, 224968390 | Realtylink.org

Multi-family for sale

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

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 $858/SF (retail) and $694/SF (residential) both well below market average for East Vancouver. Listed 10% below assessment value ($4,039,000) 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 4.00% cap rate; with significant upside on rents to increase the yield.