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1590-1594 KINGSWAY STREET 3 Properties Offered at $3,254,499 in Vancouver, BC
Investment Highlights
- Corner site with three contiguous lots totaling 7,167 square feet in a high-growth Vancouver neighborhood
- Current improvements include 10 residential units, two retail storefronts, a vacant lot, and a revenue-generating billboard
- Excellent holding income with significant upside potential through redevelopment or repositioning
- Strong development precedent nearby with recent projects achieving FSRs of 3.7 to 3.8
- Prominent location along Kingsway with convenient access to transit, retail, and community amenities
Executive Summary
1590-1594 KINGSWAY & 4195 Perry St, Rare Kingsway Corner Lot !!! C-2 zoning can build up to 6-Storeys Commercial+Residential mix-use, recently applications are all FSR 3.7-3.8 across street. One of the fastest-growing residential hot spot of Vancouver. Current subject property consist of 3 lots totaled 7,167 sqft, 10 residential units with 2 street front retail units, one vacant lot on west and 1 billboard. Hold for investment, or build to own your legacy. Current gross income $155,000.00 Huge update potential to *NOI$ 216,787. Property Tour by appointment only.
Property Facts
| Price | $3,254,499 USD | Status | Active |
| Price / SF | $279.24 USD / SF | Number of Properties | 3 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 4.90% | Total Building Size | 11,655 SF |
| Sale Type | Investment or Owner User |
| Price | $3,254,499 USD |
| Price / SF | $279.24 USD / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 4.90% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 11,655 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1598 Kingsway, Vancouver, BC V5N 2R9 | Office | 6,877 SF | 1980 | - |
| 1598 Kingsway, 1st Floor - Unit 4195, Vancouver, BC V5N 2R9 | Office Condo | 2,389 SF | 1980 | - |
| 1598 Kingsway, 1st Floor - Unit 1590, Vancouver, BC V5N 2R9 | Retail Condo | 2,389 SF | 1980 | - |
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1590-1594 KINGSWAY STREET
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