2551 KINGSWAY|Vancouver, British Columbia V5R5H3
Property Details
Multi-family
Description
MLS Number: C8071968
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: 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. (36902524)
Agent Information: • Agents: Fred Choy • Contact: 604-880-3462 • Brokerage: RE/MAX Real Estate Services • Website: http://www.remaxres.ca
Time on Realtor: N/A
Location
Address
2551 KINGSWAY|Vancouver, British Columbia V5R5H3
City
Vancouver
Features and Finishes
None
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