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For Sale

$10,300,000 CAD

Kingsway Urban Investment Property

Opportunity to acquire an unparalleled offering of a fully stratified mixed-use investment building that is less than 700m from Nanaimo SkyTrian station. The building provides excellent flexibility to redevelop under the existing C-2 zoning or reposition the stratified units and is 8-minutes from Downtown Vancouver via the Expo Line. The Property is fully occupied and comprised of 18 strata lots with 14 residential suites and 4 streetfront retail units. While the building has stable holding income, current rents are below market, which presents the potential for an increase in net operating income substantially.
Area Size
Lot Area (approx.) 11,969 SF