2139-2147 Kingsway, Vancouver East, BC

$7,998,000 CAD

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11,969

Square feet

0.27

Acres

About 2139-2147 Kingsway

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.

Features of 2139-2147 Kingsway

MLS® # C8051617
Price $7,998,000 CAD
Square Footage 11,969
Acres 0.27
Year Built 1983
Type Multi-Family Commercial
Status ACTIVE

Community Information

Address 2139-2147 Kingsway
Subdivision Victoria VE
City Vancouver East
Province BC
Postal Code V5N 2T4

Additional Information

Zoning C-2

Listing Details

OfficeMacdonald Commercial Real Estate Services Ltd.

Listing Map

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