604.542.2444

2139-2147 Kingsway

Victoria VE, Vancouver East

$7,998,000


Type: Multi-Family Commercial


About this Multi-Family Commercial

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.

Listed by Macdonald Commercial Real Estate Services Ltd..

TypeMulti-Family Commercial
Size11,969 sqft
$/SQFT$668.23

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Photo 1 at 2139-2147 Kingsway, Victoria VE, Vancouver East

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Photo 2 at 2139-2147 Kingsway, Victoria VE, Vancouver East

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Photo 3 at 2139-2147 Kingsway, Victoria VE, Vancouver East

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Photo 4 at 2139-2147 Kingsway, Victoria VE, Vancouver East

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Photo 5 at 2139-2147 Kingsway, Victoria VE, Vancouver East

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