2551 KINGSWAY, Vancouver, V5R5H3

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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. (id:39198)

42 days

On Market

Multi-family

Property Type

$31,143 / Year

Est. Taxes

Other

Style

-

Garage

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Basement