3511 & 3523 Kingsway, Vancouver

3511 & 3523 Kingsway | Vancouver, BC

3511 & 3523 Kingsway For Sale

Property Overview

NAI Apartments is pleased to present an opportunity to acquire 3511–3523 Kingsway, Vancouver.

The properties are improved as mixed-use properties containing six commercial tenants, and twenty-one residential units. The combined site size of the properties is a 18,584 SF corner site. The properties are C-2 zoned, offering flexible development opportunities without the requirement of a rezoning application. Under the C-2 guidelines, a four-storey mixed use condo development or six storey mixed-use rental development can be achieved.

Investment Highlights

  • Large 18,584 SF Corner Site – 148’ frontage along Kingsway
  • No rezoning required
  • Transit-Oriented Development Area – within 800 metres of Joyce-Collingwood SkyTrain Station
  • Strong holding income

Property Highlights

  • 3511 Kingsway replumbed (~4 years)
  • 3511 Kingsway roof replaced (~10 years)
  • 3511 Kingsway new IBC boilers (~5 years)
  • Enclosed surface parking at rear
  • 3523 Kingsway fully sprinklered
  • Attractive residential suite mix

 

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The Suite Mix

# of Units Average Size
Commercial6
Residential21
Total27

The Key Details

Price$12,500,000
Combined Lot Size18,584 SF
ZoningC-2
Net Operating Income$410,026
Development Potential (no rezoning required)4-storey mixed use condo development or 6-storey mixed-use rental development

Property on Map

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and the same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice, and of any special listing conditions imposed by our principals no warranties or representations are made as to the condition of the property or any hazards contained therein are any to be implied.

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