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4500 Kingsway - Crystal Mall 462 SF Office/Retail Condo Unit Offered at $702,490 in Burnaby, BC V5H 2A9
Investment Highlights
- Located within the iconic Crystal Mall, a recognized retail and dining destination in Burnaby
- Excellent public transit connectivity, including proximity to Metrotown SkyTrain Station
- Surrounded by multiple residential high-rises, ensuring a strong and consistent customer base
- Positioned along Kingsway, offering high visibility and significant foot traffic
- Ground-floor retail unit near Crystal Lane and the market area for maximum exposure
Executive Summary
This ground-level corner unit within Crystal Mall presents an exceptional investment opportunity in a highly trafficked commercial environment. The property offers dual frontage, with one entrance accessible from the interior of the mall and another from the exterior, maximizing visibility and customer flow. This flexibility enhances tenant appeal and ensures sustained traffic throughout the day.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Cap Rate | 5.00% | APN/Parcel ID | 024-490-369 |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 024-490-369 |
Description
Positioned on the first floor for maximum visibility and convenience, this 462-square-foot suite provides a versatile layout suited for office or retail use. The unit features a functional floor plan designed to accommodate various business needs, making it ideal for professionals, boutique retailers, or service-oriented operations seeking an accessible location.
Sale Notes
Rare opportunity to own a ground level corner unit at crystal Mall. This unit has been separated legally into two units with two separate access, one from inside and one from outside of the mall, which create a way better return on investment. You can easily run your own business with a mortgage helper by leasing out the other unit. currently the smaller portion has been leased out with great income, and bigger unit is vacant.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1828 | 462 SF | Office/Retail | $702,490 USD ($1,520.54 USD/SF) | $35,124.52 USD |
Unit 1828
| Unit Size |
| 462 SF |
| Condo Use |
| Office/Retail |
| Price |
| $702,490 USD ($1,520.54 USD/SF) |
| NOI |
| $35,124.52 USD |
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Unit 1828
| Unit Size | 462 SF |
| Condo Use | Office/Retail |
| Price | $702,490 USD ($1,520.54 USD/SF) |
| NOI | $35,124.52 USD |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 024-490-369 |
| Description | |
| Positioned on the first floor for maximum visibility and convenience, this 462-square-foot suite provides a versatile layout suited for office or retail use. The unit features a functional floor plan designed to accommodate various business needs, making it ideal for professionals, boutique retailers, or service-oriented operations seeking an accessible location.</li></ul> | |
| Sale Notes | |
| Rare opportunity to own a ground level corner unit at crystal Mall. This unit has been separated legally into two units with two separate access, one from inside and one from outside of the mall, which create a way better return on investment. You can easily run your own business with a mortgage helper by leasing out the other unit. currently the smaller portion has been leased out with great income, and bigger unit is vacant.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 291,814 SF | Typical Floor Size | 48,636 SF |
| Property Type | Retail (Condo) | Year Built | 1998 |
| Property Subtype | Storefront Retail/Office | Lot Size | 5.07 AC |
| Building Class | B | Parking Ratio | 1.37/1,000 SF |
| Floors | 6 | ||
| Zoning | CD - Commercial District | ||
| Total Building Size | 291,814 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 48,636 SF |
| Year Built | 1998 |
| Lot Size | 5.07 AC |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | CD - Commercial District |
Amenities
- Atrium
- Banking
- Bus Line
- Corner Lot
- Courtyard
- Dry Cleaner
- Food Court
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Enclosed Mall
- Wheelchair Accessible
- Outdoor Seating
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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4500 Kingsway - Crystal Mall
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