3203 Kingsway Ave, Port Alberni

$1,999,000 |   MLS® Number  978057

Multi-family for sale in Port Alberni, Port Alberni, 3203 Kingsway Ave, 978057 | Realtylink.org

Multi-family for sale

Floor Area
6,475 sqft
Lot Size
6,475 sqft
Gross Property Tax
$12,113 /year
Zoning
CMX2
Amenities
Visual Exposure
Additional Features
Corner
Total no. of Units
15
71

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.