Retail for sale

6340 Kingsway, Highgate, Burnaby

$4,388,000 or
$4,388,000 or

Retail for sale

6340 Kingsway, Highgate, Burnaby

Features

Lifestyle
224957730 4388000 /en/retail~for-sale~highgate-burnaby/224957730?view=Summary /en/retail~for-sale~highgate-burnaby/224957730/photos 49.2195500000 -122.9715600000 true
Year Built
1963
Floor Area
8,889 sqft
Lot Size
6,879 sqft
Gross Property Tax
$28,707.96 /year
Building Type
Freestanding, Quasi Retail, Strip Mall
Zoning
C-4
Subject Property Width
69 ft
Subject Property Depth
99.7 ft
84

Description

Fantastic investment opportunity in a freestanding multi-tenanted commercial building with 69 foot frontage on Kingsway. This fully leased building had many updates in 2021 that included new exterior siding, bathrooms, doors, paints, flooring, just to mention a few. Additionally, it has a cap rate of more than 6% approximately with reliable tenants. It's notable to mention that this property is a short drive to Metropolis at Metrotown and about a twenty minutes walk to Royal oak skytrain station. Email The listing agent for details. Please do not walk into the building and do not contact any of the tenants.
MLS® Number C8052661

Listing REALTOR®

Tony Niazi, REALTOR<sup>®</sup>

Tony Niazi

REALTOR®

Parallel 49 Realty

Parallel 49 Realty,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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