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