KINGSWAY INVESTMENT PROPERTY
1055 KINGSWAY, VANCOUVER, BC
Prime Location
FOR SALE$ 5,999,000
SUMMARY
- Well maintained building
- Underground parking
- Excellent exposure
- Zoning: C-2
- Lot size: 6,039 SF
- Building Area: 9,059 SF
- 4% cap rate
- Assembly potential
- Owner user potential
Overview
The subject property is located in Cedar Cottage which is one of Vancouver’s hottest neighbourhoods. At the heart of Cedar Cottage is Kingsway which is the major thoroughfare crossing Vancouver with many new residential and retail developments.
The property is minutes away for Savio Volpe, Les Faux Bourgeois, Sal y Limon, and many other independent restaurants and businesses. The property is a block away from Charles Dickens Elementary School.
Both floors are 100% tenanted by Sharon’s Credit Union. The property has 4,406 square feet of retail space on the ground floor and 4,653 square feet of office space above. There are 10 underground parking stalls with an additional 3 stalls in the rear. The building has been very well maintained and is in excellent condition.