About This Property
Exceptional freestanding mixed-use income property built in 2021 in a prime Kingsway location. This newer asset offers 12 one-bedroom residential suites, 2 retail units, and 5 parking stalls, delivering strong in-place holding income, efficient day-to-day management, and excellent long-term upside. Featuring 12 independent gas meters for streamlined utility recovery, the property is designed for operational efficiency. Outstanding visibility, strong tenant appeal, and convenient access to transit, shopping, and major commuter routes further enhance its investment strength. Why settle for a 4.3% U.S. 10-year Treasury yield when this scarce freestanding mixed-use asset offers growing NOI, rental upside, inflation protection, and leveraged long-term wealth creation? Enjoy peace of mind with the balance of 2-5-10 home warranty coverage. Share sale preferred; asset sale may be considered. (id:64973)
At $770 per square foot, this mixed-use property in Vancouver's Kingsway area appears competitively priced compared to the city's average multi-family sale price of $880 per square foot. Investors seeking a stable income-producing asset with potential for long-term appreciation will find this property particularly attractive, given its efficient design and strategic location.
Property Details
Location
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