Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Retail · Vancouver

2257-2273 Kingsway

Vancouver, BC V5N2T6

$14,900,000

718 days on market

Bedrooms
0
Bathrooms
0
Floor area
12,000 sq ft
Type
Retail
Year built
1980
Taxes
$151,636.00 (2024)
MLS®
C8063840

About this home

Strip Mall on busy Kingsway near Nanaimo Street. High Exposure location with excellent visibility for retail spaces. Located within the boundaries of the Norquay Village Neigbourhood Centre Plan with rezoning possibility for development of mixed-used buildings up to 14 storey at density of 3.8 FSR, subject to final approval of re-zoning application to City of Vancouver by buyer. Details of the policies and development parameters can be found under section 4.0 of the above-mentioned plan posted in City's official site (Vancouver.ca). All 9 retail units rented out to good tenants, lots of additional parking spaces available in underground garage level. Great investment opportunity.

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$65,974
Strata fee$0
Property taxannual ÷ 12$12,636
Est. monthly total$78,610
Down payment + BC property transfer taxbefore any first-time buyer exemption$3,643,000

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Listing courtesy of LeHomes Realty Premier. View on REALTOR.ca

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