Log In/Sign Up
Your email has been sent.
2551 Kingsway 25 Unit Apartment Building $5,485,520 USD ($219,421 USD/Unit) 5.25% Cap Rate Vancouver, BC V5R 5H3
Executive Summary
2551 Kingsway in Vancouver, BC is a standout investment opportunity and a modern residential gem. This mid-rise, boutique concrete building was completed in 2021 and features 12 X one-bedroom suites + 2 Commercial Units, each residential suite are equipped with in-suite laundry, air conditioning, and stylish kitchens with stainless steel appliances. The Annual Gross Income is approx. $477,096 and the Stabilized Net Operating Income is approx. $392,627 @ 5.25% Cap Rate, making it an attractive option for investors seeking stable returns! Residents enjoy controlled access, 24-hour availability, and proximity to public transit, shopping, and local amenities. With a Walk Score of 90 and Transit Score of 84, the location is ideal for urban living. The building also includes bike storage, five parking spaces, and accessibility features
Property Facts
| Price | $5,485,520 USD | Apartment Style | Mid-Rise |
| Price Per Unit | $219,421 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.25% | Building Size | 13,750 SF |
| No. Units | 25 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | C-2 - Commercial | ||
| Price | $5,485,520 USD |
| Price Per Unit | $219,421 USD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 13,750 SF |
| No. Stories | 5 |
| Year Built | 2021 |
| Zoning | C-2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 25 | - | 550 - 570 |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (79)
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2551 Kingsway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.