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3479-3499 Kingsway 29 Unit Apartment Building $8,372,421 USD ($288,704 USD/Unit) Vancouver, BC V5R 5L5
Investment Highlights
- Approximately 200 feet of frontage along the prominent Kingsway Corridor.
- Located near SkyTrain, bus stops, schools, parks, and retail centers.
- Existing income stream from tenancy with potential rental upside.
- C-2 zoning supports significant redevelopment potential for mixed-use development.
- Just 5 minutes from Metrotown, a major regional shopping and transit hub.
- Positioned in a rapidly growing district with easy access to surrounding municipalities.
Executive Summary
Exceptional opportunity to hold for income or redevelop along the high-exposure Kingsway Corridor, featuring an impressive ~200 ft frontage on a 20,340 sq.ft. site. Strategically located in a rapidly growing area at the crossroads of Vancouver and neighbouring municipalities, this property offers outstanding long-term potential. Surrounded by everyday conveniences within walking distance, including SkyTrain, Safeway, schools, shopping plazas, library, parks, and recreation facilities'and just 5 mins to Metrotown, this location is second to none. The existing building is tenanted with steady income and rental upside, making it an ideal holding property while planning future development at a higher density. This is a rare opportunity to secure a large site in a high-demand corridor with an increasing population and limited supply
Property Facts
| Price | $8,372,421 USD | Apartment Style | Low-Rise |
| Price Per Unit | $288,704 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Sale Condition | Redevelopment Project | Building Size | 35,758 SF |
| No. Units | 29 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 0.03/1,000 SF |
| Zoning | C-2 - Commercial | ||
| Price | $8,372,421 USD |
| Price Per Unit | $288,704 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 35,758 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.03/1,000 SF |
| Zoning | C-2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 29 | - | - |
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
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3479-3499 Kingsway
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