My Office Listings
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8071968
- Build. Type:
- Freestanding
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2551 Kingsway in Vancouver, BC is a standout investment opportunity and a modern residential gem. This mid-rise, boutique concrete building was completed in 2021 and features 12 X one-bedroom suites + 2 Commercial Units, each residential suite are equipped with in-suite laundry, air conditioning, and stylish kitchens with stainless steel appliances. The Annual Gross Income is approx. $477,096 and the Stabilized Net Operating Income is approx. $392,627 @ 5.25% Cap Rate, making it an attractive option for investors seeking stable returns! Residents enjoy controlled access, 24-hour availability, and proximity to public transit, shopping, and local amenities. With a Walk Score of 90 and Transit Score of 84, the location is ideal for urban living. The building also includes bike storage, five parking spaces, and accessibility features.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Concrete, Mixed
- Num Storeys:
- 5
- Building Type:
- Freestanding, Mixed Use
- # Bldgs:
- 1
- # Units Total:
- 14
- # Other Units:
- 2
- # of Apartments:
- 12
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 12
- # of 2 Bedroom Apartments:
- 0
- # of 3 Bedroom Apartments:
- 0
- Year built:
- 2021 (Age: 5)
- Living Area:
- 10,000 sq. ft.
- Subject Property Depth:
- 123'9"
- Subject Property Width:
- 32'4½"
- Lot Area:
- 3,920.4 sq. ft.
- Zoning:
- C-2 COMMERCIAL
- Potential to Redevelop:
- Yes
- Parking:
- Secured
- # Of Parking Spaces - Total:
- 5
- Road Frontage:
- Lane
- Electricity:
- Yes
- Services Connected:
- Electricity Connected, Sidewalk
- Sewer:
- Public Sewer
- Parcel Number:
- 004232801
- Taxes:
- $31,142.7 / 2025
- Elevator Passenger
- No
- Secured Garage/Parking
- None Known
- # Elevators:
- 1
- Water Supply:
- Public
- Water Rights:
- No
- Potential to Redevelop:
- Yes
- Env Assmt Phase:
- No
- Cap Rate %:
- 5.25
- Gross Income:
- 477096.0
- Oper. Expenses:
- 84468.0
- Other Income:
- $0
- Effective Gross Income:
- $477,096
- Net Operating Income:
- $392,627
- Previous Price:
- $8,480,000
- Original Price:
- $8,480,000
-
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Listed by RE/MAX Real Estate Services
Data was last updated February 18, 2026 at 03:40 AM (UTC)
- FRED CHOY PREC*
- RE/MAX REAL ESTATE SERVICES
- 1 (604) 8803462
- choy_fred@hotmail.com
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.