Retail for sale

2312 4500 Kingsway, Metrotown, Burnaby

$698,000 or
$698,000 or

Retail for sale

2312 4500 Kingsway, Metrotown, Burnaby

Features

Lifestyle
224960833 698000 /en/retail~for-sale~metrotown-burnaby/224960833?view=Summary /en/retail~for-sale~metrotown-burnaby/224960833/photos 49.2290100000 -123.0050500000 true
Year Built
1998
Floor Area
457 sqft
Gross Property Tax
$6,745.13 /year
Building Type
Low Rise (2-4 storeys), Shopping Centre
# of Elevators
1
Zoning
RM5
Amenities
Visitor Parking
98

Description

Great Investment property in busy & unique Crystal Mall in the heart of Metrotown. The 457sqf unit features wide facade with great exposure, superior traffic with few steps to food court, and no waste layout. Long term tenant just renewed 3 years contract. Considerable rent income & best time to invest now. This well managed & famous comprehensive shopping mall attracts many professionals including dentists, lawyers, accountants, HSBC, restaurants, traveling agents, phone shops, Hilton 5 stars hotel, food supermarkets, hair salons, emigrated study abroad companies, characterized stores . This central complex surrounded by many tall towers and businesses. Two minutes walk to skytrain & buses. One designated parking included and hundreds of free customer parking. RM5 zoning allows variety business usage for retail store or professional office. Hold on this solid investment now as great potential to grow in coming years while Metrotown is expanding to second downtown of Vancouver. Cap rate: 4.9.
MLS® Number C8055764

Listing REALTOR®

Tracy Niu, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Tracy Niu

REALTOR®, Personal Real Estate Corporation

Nu Stream Realty Inc.

Nu Stream Realty Inc.,

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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