3155 KINGSWAY
Vancouver, British Columbia V5R5K2

Looking to buy a commercial property in the City of Vancouver at a great value? 3155 Kingsway is a 3-storey building built in 2011 with four two-bedroom residential units above two retail units, all strata titled. The property is offered at the equivalent individual strata values of $902/sf (retail) and $730/sf (residential) both well below market average for East Vancouver. It is also listed below assessment value ($3,983,000) This is a great opportunity for an operating business to occupy the ground floor (1,620 SF) and receive care-free, solid income from the residential units above with low maintenance/management. The property is currently fully leased. All tenants are on a month-to-month basis and generating a combined 3.80% cap rate; with significant upside on rents to increase the yield. (35550505)