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.
|Lot Area (approx.)