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2139-2147 KINGSWAY
Victoria VE Vancouver V5N 2T4

$7,998,000
Land Commercial, Multi-Family Commercial

Main Photo: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Photo 1: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Photo 2: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Photo 3: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Photo 4: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Photo 5: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
Status:
Active
Prop. Type:
Land Commercial, Multi-Family Commercial
MLS® Num:
C8051617
Build. Type:
Freestanding
Luk Real Estate Group is pleased to list this fully-stratified property containing 14 residential units (8 one-bedroom + 6 two-bedroom) and 4 retail units. The property is fully occupied and produces steady income for investors and developers. As the property consists of 18 strata lots and is 100% owned by one owner, this makes it the perfect for repositioning and provides multiple exit strategies. Under the existing C-2 zoning, the property can be redeveloped as a purpose-built rental building on it own with a density up to 3.50 FSR. If assembled, the property can be redeveloped for up to 3.70 FSR under the existing C-2 zoning. Adjacent to the property is a 6-storey mixed-use development that will deliver 101 Secured Market Rental units.
Sale Type:
Asset
Sublease:
No
Total space avail for lease:
11,969 sq. ft.
Construction:
Concrete, Wood Frame, Mixed
Building Type:
Freestanding, Low Rise (2-4 stories), Mixed Use
Name of Complex/Subdivision:
# Units:
14
# Other Units:
# of Appartments:
14
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
8
# of 2 Bedroom Appartments:
6
# of 3 Bedroom Appartments:
0
# Storeys:
3.0
Year built:
1983 (Age: 41)
Total Floor Area:
11,969 sq. ft.
Retail Size:
7,754 sq. ft.
Lot Area:
11,969 sq. ft.
Lot Depth:
120
Lot Frontage:
99'½"
Land Use/Zoning:
C-2
Permitted Use:
Multifamily (5+), Retail
Taxes:
$76,652.44 / 2022
Alarm System, Laundry Facility, Secured Building
# Elevators:
1
Services Connected:
Electricity, Fully Serviced, Lane Paved, Sidewalk
Water Supply:
Municipal
HVAC:
Baseboard, Hot Water, Separate Water Heaters
Roof:
Sewer Septic:
Municipal/Community
Potential to Redevelop:
Yes
Env Assmt Phase:
Not Applicable
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
    Photo 1 of 5
  • Photo 2: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
    Photo 2 of 5
  • Photo 3: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
    Photo 3 of 5
  • Photo 4: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
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  • Photo 5: 2139-2147 KINGSWAY in Vancouver: Victoria VE Land Commercial for sale (Vancouver East)  : MLS®# C8051617
    Photo 5 of 5
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated March 1, 2024 at 12:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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