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2651 KINGSWAY in Vancouver: Collingwood VE Business with Property for sale (Vancouver East) : MLS®# C8016981

2651 KINGSWAY Vancouver V5R 5H4 : Collingwood VE

Main Photo: 2651 KINGSWAY in Vancouver: Collingwood VE Business with Property for sale (Vancouver East)  : MLS®# C8016981
$2,338,000
Prop. Type:
Business with Property
MLS® Num:
C8016981
Status:
Active
Bus Major:
Other/See Remarks
Bus Minor:
Other/See Remarks
Build. Type:
Low Rise (2-4 stories)
Highly exposed building on Kingsway which was completely renovated in 2017. Street level and upper level office. Generates a 4.50% Cap with $108K net income. Lease good until 2020. Two level office/retail building fully remodeled from bare stud walls. New 3 phase electrical wiring throughout, new drywall, floors, paint, windows and roof. Total of four units (two ground level and two on the second level). Approx 800 Sq ft each unit. Street parking available on Kingsway and 4 private spots at the rear of the property. Very convenient central location. Lots of traffic, good for business exposure. Located directly across Norquay Park. Excellent assembly potential for a future 6 storey building. All 4 units are leased. GREAT INVESTMENT OPPORTUNITY!
Sale Type:
Asset
Total space avail for lease:
Switch units of measure3,200 sq. ft.
Property Type:
Business with Property
Major Bus Type:
Other/See Remarks
Minor Bus Type:
Other/See Remarks
Construction:
Concrete, Wood Frame
Building Type:
Low Rise (2-4 stories), Mixed Use, Commercial Mix
Year built:
1972 (Age: 46)
Total Floor Area:
Switch units of measure2,802 sq. ft.
Office Size:
Switch units of measure1,600 sq. ft.
Retail Size:
Switch units of measure1,600 sq. ft.
Land Use/Zoning:
C2
Taxes:
$13,851.75 / 2017
Outside Storage, Storefront, Storage, Visitor Parking
Services Connected:
Cable at Lot Line, Electricity, Natural Gas at Lot Line, Lane, Telephone, Sewer - Storm, Street Lighting, Sidewalk, Sanitary sewer at Lot Line, City Water
Water Supply:
Municipal
HVAC:
Baseboard, Electric, Hot Water
Env Assmt Phase:
Phase/Stage 1
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by Sutton Centre Realty
Listing information last updated on April 23, 2018 at 11:05 PM (UTC)
Mark Cumming