2139 2147 KINGSWAY|Vancouver, British Columbia V5N2T4

MLS Number: C8069411

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: N/A • Bathrooms: N/A • Building Type: N/A • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: N/A • Parking Spaces: N/A

Description: 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 at 4589 Gladstone, is 6-storey mixed-use building built in 2024 that includes 284 beds for student housing and 12,000 SF of retail. (36422845)

Agent Information: • Agents: William Maunsell; Kelvin Luk • Contact: 604-970-9738; 604-808-8192 • Brokerage: Macdonald Commercial Real Estate Services Ltd.; Macdonald Commercial Real Estate Services Ltd. • Website: http://www.macdonaldcommercial.com; http://www.macdonaldcommercial.com

Time on Realtor: N/A