Multi-family for sale
2139-2147 Kingsway, Victoria VE, Vancouver
$7,998,000
$7,998,000
Multi-family for sale
2139-2147 Kingsway, Victoria VE, Vancouver
Features
Year Built
1983
Floor Area
11,969 sqft
Total Space Avail. For Lease (Rent)
11969 sqft
Lot Size
11,969 sqft
Gross Property Tax
$76,652.44 /year
Building Type
Freestanding, Low Rise (2-4 storeys), Mixed Use
# of Elevators
1
Zoning
C-2
# of Parking Spaces
35
Subject Property Width
99.04 ft
Subject Property Depth
120 ft
Amenities
Alarm System, Laundry Facility, Secured Building
Suite Mix Information
8 x 1 ½, 6 x 2 ½
Total no. of Units
14
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 is a 6-storey mixed-use development that will deliver 101 Secured Market Rental units.
MLS® Number C8051617