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2551 Kingsway in Vancouver, BC is a standout investment opportunity and a modern residential gem. This mid-rise, boutique concrete building was completed in 2021 and features 12 X one-bedroom suites + 2 Commercial Units, each residential suite are equipped with in-suite laundry, air conditioning, and stylish kitchens with stainless steel appliances. The Annual Gross Income is approx. $508,560 and the Stabilized Net Operating Income is approx. $423,560 @4.99% Cap Rate, making it an attractive option for investors seeking stable returns. Residents enjoy controlled access, 24-hour availability, and proximity to public transit, shopping, and local amenities. With a Walk Score of 90 and Transit Score of 84, the location is ideal for urban living. The building also includes bike storage, five parking spaces, and accessibility features. (id:53893)
MLS® Number | C8071968 |
Property Type | Multi-family |
Features | Lane, Passenger Elevator |
Constructed Date | 2021 |
Size Interior | 10000 Sqft |
Acreage | No |
Size Irregular | 4008 |
Size Total | 4008 Sqft |
Size Total Text | 4008 Sqft |
Zoning Description | C-2 Commercial |
Electricity | Available |
https://www.realtor.ca/real-estate/28830556/2551-kingsway-vancouver
Contact us for more information
Fred Choy
Personal Real Estate Corporation
(604) 263-2823
(604) 263-1057
www.remaxres.ca