18,584 ft²Retail / Multifamily$12,500,000Sale
NAI Apartments is pleased to present an opportunity to acquire 3511–3523 Kingsway, Vancouver. The properties are improved as mixed-use properties containing six commercial tenants, and twenty-one residential units. The combined site size of the properties is a 18,584 SF corner site. The properties are C-2 zoned, offering flexible development opportunities without the requirement of a rezoning application. Under the C-2 guidelines, a four-storey mixed use condo development or six storey mixed-use rental development can be achieved. Investment Highlights · Large 18,584 SF Corner Site – 148’ frontage along Kingsway · No rezoning required · Transit-Oriented Development Area – within 800 metres of Joyce-Collingwood SkyTrain Station · Strong holding income Property Highlights · 3511 Kingsway replumbed (~4 years) · 3511 Kingsway roof replaced (~10 years) · 3511 Kingsway new IBC boilers (~5 years) · Enclosed surface parking at rear · 3523 Kingsway fully sprinklered · Attractive residential suite mix