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:58426)
| MLS® Number | C8071968 |
| Property Type | Multi-family |
| Neigbourhood | Mount Pleasant |
| Features | Lane, Passenger Elevator |
| ConstructedDate | 2021 |
| SizeInterior | 10000 Sqft |
| Acreage | No |
| SizeIrregular | 4008 |
| SizeTotal | 4008 Sqft |
| SizeTotalText | 4008 Sqft |
| ZoningDescription | 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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
