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1726 KINGSWAY in Vancouver: Victoria VE Retail for sale (Vancouver East) : MLS®# C8023086

1726 KINGSWAY Vancouver V5N 2S3 : Victoria VE

Main Photo: 1726 KINGSWAY in Vancouver: Victoria VE Retail for sale (Vancouver East)  : MLS®# C8023086
$1,000,000
Prop. Type:
Retail
MLS® Num:
C8023086
Status:
Active
Build. Type:
Condo Strata Complex
Excellent investment opportunity for a 99 yr term of leasehold commercial retail unit with 1 parking. Brand new building with the 1st Tenant for a 5 year Lease + Options which provides stable and long-term income, and a return of approximately 3.75%. Tenant is in Beauty Parlour business and may show on Sunday mornings only in order not to disturb their customers. Many older properties are in the neighbourhood and can expect numerous redevelopments to bring in even more foot traffic for retail shops in the very near future.
Sale Type:
Asset
Lease Type:
Net Escalating
Lease Term:
60
Total space avail for lease:
Switch units of measure1,172 sq. ft.
Property Type:
Retail
Construction:
Concrete
Building Type:
Condo Strata Complex, Mixed Use, Street-Level Storefront
Year built:
2017 (Age: 2)
Total Floor Area:
Switch units of measure1,173 sq. ft.
Retail Size:
Switch units of measure1,173 sq. ft.
Land Use/Zoning:
C-2
Taxes:
$0 / 2018
Air Conditioning, Alarm System, HVAC System, Storefront, Storage, Visitor Parking, Washrooms Female/Male
Services Connected:
Fully Serviced
Water Supply:
Municipal
HVAC:
Central A/C, Separate HVAC Units
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Previous Price:
Original Price:
Listed by RE/MAX Westcoast
Data was last updated April 25, 2019 at 09:05 PM (UTC)
Mark Cumming
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.