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1875 Kingsway 0.33 Acres of Commercial Land Offered at $7,708,617 USD in Vancouver, BC V5N 4H9
INVESTMENT HIGHLIGHTS
- Excellent redevelopment potential with holding income
- Close proximity of an abundance of retail amenities and mixed-use commercial developments
- Ideally located with 15min walk to Nanaimo Skytrain station
EXECUTIVE SUMMARY
Exceptional opportunity to acquire a 14,472 SF corner site in East Vancouver. The Property is located on the northwest corner of Kingsway and Beatrice Street. Nanaimo Skytrain Station is a 15min walk away. Situated in the highly desirable neighborhood of Kensington-Cedar Cottage, the Property is surrounded by excellent amenities such as the retail shopping node of King Edward Village, Trout Lake Community Centre, T&T Supermarket, Brewers Park, Gladstone Secondary, and Selkirk Elementary.
PROPERTY FACTS
| Price | $7,708,617 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.33 AC |
| Property Type | Land | Cross Streets | 4319 Beatrice St |
| Zoning | C-2 - Commercial | ||
| Price | $7,708,617 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.33 AC |
| Cross Streets | 4319 Beatrice St |
| Zoning | C-2 - Commercial |
1 LOT AVAILABLE
Lot
| Price | $7,708,617 USD | Lot Size | 0.33 AC |
| Price Per AC | $23,202,581.68 USD |
| Price | $7,708,617 USD |
| Price Per AC | $23,202,581.68 USD |
| Lot Size | 0.33 AC |
DESCRIPTION
Purpose Built Rental: Massing & Capacity Study based on proposed updates to the Secure Rental Policy is available for a 6-storey, 54-unit rental building with 3 CRUs at 3.4 FSR. Contact Agents for details. Market Strata Condo: 1875 Kingsway is zoned C-2 and can allow for a market condo development at maximum of 2.5 FSR. 4319 Beatrice is zoned RS-1A and should be rezoned to form part of the condo development.
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (84)
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1875 Kingsway
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